Ri Ying Holdings Ltd. (HK:1741) has released an update.
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Ri Ying Holdings Ltd. has announced the sale of its entire issued share capital of a subsidiary for HK$50,000, marking a significant restructure as the subsidiary will no longer contribute to the company’s financial results. The disposal is classified as a disclosable transaction under the Listing Rules, requiring public disclosure due to the size of the transaction. The deal, finalized after trading hours on September 13, 2024, involves a cash payment immediately upon signing of the sales and purchase agreement.
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