Weigang Group’s Subsidiary Equity Sale Deal

Weigang Environmental Technology Holding Group Ltd. (HK:1845) has released an update.

Weigang Environmental Technology Holding Group Ltd. announced the sale of an entire equity interest in a subsidiary for RMB 42 million to an indirect non-wholly owned subsidiary. This internal transaction is classified as a discloseable transaction, meeting the Hong Kong Stock Exchange’s reporting requirements but not requiring shareholder approval. The deal, based on an asset-based valuation, is set to be settled in cash by the end of 2025.

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