Asia Television Holdings Limited (HK:0707) has released an update.
Asia Television Holdings Limited, through its subsidiary Full Winning, sold all of its shares in Yong Tai Berhad, amounting to 27,364,200 shares, for approximately RM9.58 million or HK$15.82 million. This transaction, which took place on 27 and 28 June 2024, has been categorized as a discloseable transaction under the Listing Rules, requiring reporting and announcement but not a shareholder vote. Asia Television Holdings engages in various business sectors including fabric processing, money lending, securities, and media, while Yong Tai, the disposed asset, is primarily involved in property development.
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