Styland Holdings Limited (HK:0211) has released an update.
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Styland Holdings Limited has announced a major transaction involving the sale of its entire issued share capital of a target company for HK$40 million, to be paid in cash in four instalments. This transaction will result in the target company no longer being a subsidiary of Styland Holdings, which will affect the group’s consolidated financial statements. Shareholders are advised to exercise caution, as the deal is subject to conditions and may not proceed.
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