An announcement from Sinolink Worldwide Holdings ( (HK:1168) ) is now available.
Sinolink Worldwide Holdings Limited announced a supplemental update regarding its transfer of a school business, highlighting potential financial implications. The company has outlined that the school, which has received a shareholder loan and investment from Sinolink, is facing financial difficulties. The operation of the school is contingent upon approval from the Shenzhen Luohu District Education Bureau beyond July 2028. If the license is not granted, government compensation may be used to repay the company’s investment and loan. The financial effects of this transfer are expected to be neutral, with no anticipated gain or loss for Sinolink.
More about Sinolink Worldwide Holdings
Sinolink Worldwide Holdings Limited operates in the investment and development industry, focusing on various sectors including education. The company engages in strategic investments and transactions to optimize its portfolio and enhance shareholder value.
YTD Price Performance: 13.33%
Technical Sentiment Signal: Sell
Current Market Cap: $159.7M
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