China Outfitters Holdings ( (HK:1146) ) has issued an update.
China Outfitters Holdings, through its subsidiaries Shanghai Baowei and Shanghai Jiancheng, has disposed of its entire holding of 6,142,839 shares in Shaoneng, a company engaged in clean energy and eco-friendly products, for approximately RMB43,878,000. This transaction allows China Outfitters to reallocate financial resources for other investment opportunities, and the disposal was conducted at the prevailing market price, deemed fair and reasonable by the company’s directors.
More about China Outfitters Holdings
Technical Sentiment Signal: Buy
Current Market Cap: $24.54M
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