Qingdao Holdings International Limited (HK:0499) has released an update.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Qingdao Holdings International Limited has announced the sale of a 95% equity interest in its subsidiary Huaiyi Construction for approximately RMB43.65 million. The transaction, agreed with NEQH Development and Construction Co. Ltd. as the vendor, is expected to be completed shortly after obtaining necessary approvals, marking a significant shift in the company’s strategic focus. This move could have intriguing implications for investors tracking the company’s evolving portfolio.
For further insights into HK:0499 stock, check out TipRanks’ Stock Analysis page.