Cosmos Machinery Announces Major Subsidiary Sale

Cosmos Machinery Enterprises Limited (HK:0118) has released an update.

Cosmos Machinery Enterprises Limited disclosed a major transaction involving the disposal of 52% of its subsidiary to a connected person, which is subject to shareholder approval and completion conditions. The deal, which is exempt from certain regulatory requirements due to the purchaser’s association with the company, could significantly reshape the company’s holdings if completed. Shareholders are advised to be cautious when trading company securities during this period.

For further insights into HK:0118 stock, check out TipRanks’ Stock Analysis page.