China Wood Sells Subsidiary Group for HK$50,000

China Wood International Holding Co., Limited (HK:1822) has released an update.

China Wood International Holding Co., Limited has entered into an agreement to sell its entire share in a subsidiary group to Wanyi Asia Limited for HK$50,000, effectively removing the financial results of this group from its consolidated financial statements. This transaction, announced after trading hours on October 28, 2024, is classified as a discloseable transaction under Hong Kong’s listing rules.

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