China Qinfa Group Ltd. (HK:0866) has released an update.
China Qinfa Group Ltd. has successfully completed the sale of a 40% interest in a subsidiary company to Zhejiang Energy Asia Pacific Holding Limited. Despite this substantial disposal, the subsidiary remains under Qinfa’s control, and its financial results will continue to be consolidated into the Group’s financial statements. This move reflects the company’s strategic financial maneuvers to optimize shareholder value.
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