Qingdao Holdings International Limited (HK:0499) has released an update.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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.