Mayer Holdings Ltd. ( (HK:1116) ) has shared an update.
Mayer Holdings Ltd. announced the disposal of a subsidiary, with the sale of the entire issued share capital of the Target Company to a Purchaser for RMB1. This decision was influenced by the minimal net book value of the Target Group, limited redevelopment prospects, and anticipated financial and management burdens. The disposal will result in the Target Company’s financial results no longer being consolidated into Mayer Holdings’ statements, with proceeds used as general working capital.
More about Mayer Holdings Ltd.
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$1.83B
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