Yues International Holdings Group Limited (HK:1529) has released an update.
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Yues International Holdings Group Limited is set to divest its 60% equity interest in a subsidiary for RMB1, resulting in the subsidiary’s exclusion from its consolidated financial statements. Additionally, the company will transfer a shareholder’s loan of RMB7,500,000 to another purchaser for RMB7,000,000. These transactions, categorized as major and connected, are pending shareholder approval and mark a significant shift in the company’s financial structure.
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