Century Ginwa Retail Holdings Limited (HK:0162) has released an update.
Century Ginwa Retail Holdings Limited has announced a major shakeup with the sale of a substantial stake by Glory Keen Holdings Limited to Acme Gear Global Limited. The transaction involves the transfer of approximately 28.07% of the company’s issued share capital, structured in two tranches with completion dates set for October 2024 and December 2025, subject to certain conditions. This change in substantial shareholding is expected to have significant implications for the company and its investors.
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