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Royale Home Holdings Limited ( (HK:1198) ) just unveiled an update.
Royale Home Holdings Limited has announced two substantial disposals involving its subsidiaries. The company has agreed to sell its 18.06% equity interest in SCFL to Science City for RMB416,752,500, and the entire equity interest in Hengcheng to SC Development for RMB11,338,566.62. These transactions are significant due to their scale and the involvement of connected parties, requiring adherence to Hong Kong’s Listing Rules, including independent shareholder approval. The disposals are expected to streamline Royale Home’s operations by transferring non-core assets and liabilities, potentially impacting its financial structure and market positioning.
More about Royale Home Holdings Limited
Royale Home Holdings Limited is a company incorporated in the Cayman Islands, primarily involved in finance leasing through its associated company SCFL, and engaged in manufacturing and sale of furniture through its subsidiary Hengcheng.
Average Trading Volume: 110,291
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$597.7M
Learn more about 1198 stock on TipRanks’ Stock Analysis page.