Cinda International Holdings Limited (HK:0111) has released an update.
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Cinda International Holdings Limited has announced the disposal of its 50% equity interest in a subsidiary, Cinda Lingxian, for RMB8.70 million (approximately HK$9.57 million). This transaction, which was finalized with a purchaser linked to China Cinda, will see Cinda Lingxian’s financial results no longer consolidated in Cinda International’s financial statements. The deal is classified as a discloseable and connected transaction under Hong Kong’s Listing Rules.
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