China Renaissance Holdings (HK:1911) has released an update.
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China Renaissance Holdings has announced the successful sale of convertible notes valued at approximately US$5.54 million for a consideration of US$9.50 million, leading to an expected disposal gain of around RMB28.11 million. The disposal is considered a discloseable transaction under the Listing Rules, not requiring shareholder approval but necessitating public announcement. Completion of this deal, along with a prior sale of convertible notes, will result in the Group no longer holding any convertible notes.
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