China Qinfa Group Ltd. (HK:0866) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
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.
For further insights into HK:0866 stock, check out TipRanks’ Stock Analysis page.