AVIC Joy Holdings (HK) (HK:0260) has released an update.
AVIC Joy Holdings (HK) Limited has entered into a significant disposal agreement, selling shares and accounts receivable worth HK$28 million to an unnamed purchaser. The transaction is subject to approval by shareholders at an upcoming Extraordinary General Meeting (EGM), with the company advising caution to shareholders and potential investors regarding the deal. The agreement includes a provision to extend the payment of the initial deposit until 20 June 2024, with other terms remaining unchanged.
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