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Rykadan Capital Ltd. ( (HK:2288) ) just unveiled an announcement.
Rykadan Capital Ltd. has announced the disposal of its entire equity interest and loans in a wholly-owned subsidiary through a joint venture company. The transaction involves the sale of the Sale Share and Sale Loan for a total consideration of HK$240,000,000. Following the completion of this sale, Rykadan Capital Ltd. will no longer hold any interest in the Target Group. This move is not considered a notifiable transaction under the Listing Rules, indicating a strategic decision to divest from this particular joint venture.
More about Rykadan Capital Ltd.
YTD Price Performance: -16.47%
Average Trading Volume: 127,785
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$53.31M
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