Wisdom Sports Group (HK:1661) has released an update.
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Wisdom Sports Group has announced the conditional sale of a property-holding subsidiary to an independent third party for GBP 4.5 million, with the deal expected to deconsolidate the subsidiary’s financial results from the group. The transaction is a discloseable event under the Listing Rules since it exceeds the 5% threshold but remains below 25%. Shareholders are advised to exercise caution as the completion of the sale is subject to certain conditions that may or may not be met.
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