Sheen Tai Holdings Group Co. Ltd. (HK:1335) has released an update.
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Sheen Tai Holdings Group Co. Ltd. has terminated a previous agreement due to a payment issue and has since entered into a new agreement to sell a subsidiary for RMB21,980,000. This new disposal is classified as a discloseable transaction, impacting the company’s portfolio and attracting attention from investors. The company assures that the termination of the former disposal will not adversely affect its financial standing.
For further insights into HK:1335 stock, check out TipRanks’ Stock Analysis page.