China Communications Construction Co (HK:1800) has released an update.
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China Communications Construction Company Limited has successfully completed the disposal of its equity interest in China Communications Property Service. The transaction involved CCCG Real Estate paying significant sums to CFHEC and CCCC Investment, following an arm’s length negotiation based on a comprehensive asset valuation. This strategic move aligns with the company’s financial restructuring efforts, potentially impacting its stock performance.
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