Cinda International Holdings Limited (HK:0111) has released an update.
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Cinda International Holdings Limited has completed the sale of a 50% equity interest in its subsidiary, Cinda International (Shanghai) Investment Consultant Limited, marking a significant shift in its business structure. This transaction, finalized on December 13, 2024, transitions the subsidiary to a joint venture, impacting the company’s financial reporting. Investors might find this move strategic as it alters Cinda’s operational dynamics and financial consolidation.
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