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Continental Holdings Reclassifies Subsidiary Disposal as Very Substantial

Story Highlights
  • Continental Holdings reclassifies its subsidiary disposal as a very substantial transaction.
  • A supplemental agreement extends the completion date until all conditions are met.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Continental Holdings Reclassifies Subsidiary Disposal as Very Substantial

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The latest update is out from Continental Holdings Limited ( (HK:0513) ).

Continental Holdings Limited has announced a reclassification of its disposal of the entire equity interest in its subsidiary, Big Bonus Limited, as a very substantial disposal under the Hong Kong Listing Rules. This reclassification requires the company to seek shareholder approval, which will be addressed in an upcoming general meeting. Additionally, a supplemental agreement has been made to extend the completion date for this transaction until all conditions precedent are met.

More about Continental Holdings Limited

Average Trading Volume: 61,386

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$114.1M

See more data about 0513 stock on TipRanks’ Stock Analysis page.

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