An announcement from South China Holdings Company Limited ( (HK:0413) ) is now available.
South China Holdings Company Limited has announced a major and connected transaction involving the sale of the entire issued share capital of its wholly-owned subsidiaries to an associate of Mr. Ng, a connected person of the company. The transaction, valued at HK$26,960,296, is subject to approval by independent shareholders and must comply with Hong Kong’s Listing Rules due to its classification as a major transaction. The completion of this disposal is contingent upon certain conditions being met, and stakeholders are advised to exercise caution.
More about South China Holdings Company Limited
Technical Sentiment Signal: Buy
Current Market Cap: €44.48M
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