China XLX Fertiliser Ltd. (HK:1866) has released an update.
China XLX Fertiliser Ltd. has successfully executed definitive transaction documents for a major equity disposal valued at approximately RMB1,374 million, following an initial framework agreement. This transaction will result in the company no longer consolidating the financial results of the target entity into its group statements. Shareholder approval is pending for the deal, which qualifies as a major transaction according to listing rules, with an extraordinary general meeting to be announced.
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