KNT Holdings Divests Subsidiary for HK$5.5 Million

KNT Holdings Limited (HK:1025) has released an update.

KNT Holdings Limited has announced the sale of a wholly-owned subsidiary for HK$5.5 million, as part of a disclosable transaction that will result in the subsidiary no longer being part of the company’s consolidated financial statements. This transaction is significant enough to meet the Hong Kong Stock Exchange’s reporting requirements for a disclosable transaction, yet it does not exceed the threshold for a major transaction.

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