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An announcement from Shirble Department Store Holdings (China) Ltd. ( (HK:0312) ) is now available.
Shirble Department Store Holdings (China) Ltd. has announced a discloseable transaction involving the sale of its entire equity interest in Zhuhai Xiangyao. The transaction, valued at RMB1.60 million, will result in Zhuhai Xiangyao ceasing to be a subsidiary of the company. This move aligns with the company’s strategic decisions as the transaction meets the criteria for a discloseable transaction under the Listing Rules, which requires reporting and announcement. The sale is structured with a non-refundable downpayment and subsequent payments, reflecting arm’s length negotiations based on Zhuhai Xiangyao’s financial position and project value.
More about Shirble Department Store Holdings (China) Ltd.
YTD Price Performance: 22.50%
Average Trading Volume: 868,264
Technical Sentiment Signal: Sell
Current Market Cap: HK$122.2M
Find detailed analytics on 0312 stock on TipRanks’ Stock Analysis page.