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IBI Group Holdings Limited ( (HK:1547) ) has issued an announcement.
IBI Group Holdings Limited has announced a discloseable transaction involving the sale of an 80% stake in a subsidiary, referred to as the Target Company, to Mr. Jian Song Gan for HK$1,500,000. This transaction, which does not constitute a connected transaction under the Listing Rules, will result in the Target Company being wholly owned by the purchaser and its financial results no longer being consolidated into IBI Group’s financial statements.
More about IBI Group Holdings Limited
Average Trading Volume: 52,833
Technical Sentiment Signal: Buy
Current Market Cap: HK$196.8M
For a thorough assessment of 1547 stock, go to TipRanks’ Stock Analysis page.