Litu Holdings Announces Major Equity Disposal in PRC Company

An update from Litu Holdings Limited ( (HK:1008) ) is now available.

Litu Holdings Limited, a company incorporated in the Cayman Islands, announced a major transaction involving the disposal of its equity interest in a PRC company. The transaction, valued at RMB142.5 million, involves the sale of 31% equity interest held by Litu Holdings through its subsidiary. This move comes after a period of declining financial performance by the Disposal Company and is part of Litu Holdings’ strategic decision to divest its interests. The transaction, classified as a major transaction under Hong Kong’s Listing Rules, has received written approval from the company’s controlling shareholders, thus eliminating the need for an extraordinary general meeting.

More about Litu Holdings Limited

Average Trading Volume: 1,604,372

Technical Sentiment Signal: Buy

Current Market Cap: HK$387.3M

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