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Honghua Group ( (HK:0196) ) just unveiled an update.
Honghua Group Limited announced the disposal of its entire 6.9152% equity interest in a target company to Chengdu Jiaozi for approximately RMB85,764,000. This transaction, classified as a disclosable transaction under Hong Kong’s Listing Rules, signifies Honghua’s strategic move to divest from the target company, potentially impacting its investment portfolio and financial strategy.
More about Honghua Group
Honghua Group Limited is a company incorporated in the Cayman Islands, operating in the industrial sector. It is known for its involvement in the manufacturing and sale of drilling rigs and related equipment, primarily serving the oil and gas industry.
Average Trading Volume: 3,307,049
Current Market Cap: HK$1.69B
Learn more about 0196 stock on TipRanks’ Stock Analysis page.