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An announcement from Quali-Smart Holdings Ltd. ( (HK:1348) ) is now available.
Quali-Smart Holdings Ltd., a company listed on the Hong Kong Stock Exchange, has announced the disposal of its entire equity interest in its subsidiary, Crosby Asia. The transaction, valued at approximately HK$11.2 million, involves the sale of the entire issued share capital of Crosby Asia and a related loan. Upon completion, Crosby Asia will no longer be a subsidiary of Quali-Smart Holdings, and its financial results will not be consolidated into the company’s financial statements. This major transaction, subject to shareholder approval, reflects strategic realignment within the company and could impact its financial structure and market positioning.
More about Quali-Smart Holdings Ltd.
Average Trading Volume: 809,200
Technical Sentiment Signal: Buy
Current Market Cap: HK$107.6M
See more insights into 1348 stock on TipRanks’ Stock Analysis page.