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An announcement from Sinolink Worldwide Holdings ( (HK:1168) ) is now available.
Sinolink Worldwide Holdings has entered into a Transfer Agreement to transfer its School Business to an independent third party at nil consideration. This transaction, classified as a discloseable transaction under the Listing Rules, involves the transfer of a business with unaudited net liabilities of approximately RMB16,879,000 as of June 2024. The agreement includes potential repayment terms for loans and investments made by Sinolink, indicating a strategic move to offload a loss-making segment.
More about Sinolink Worldwide Holdings
YTD Price Performance: 13.33%
Average Trading Volume: 2,500
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $136.1M
See more data about 1168 stock on TipRanks’ Stock Analysis page.
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