Mingfa Group (International) Co. Ltd. ( (HK:0846) ) has issued an update.
Mingfa Group (International) Co. Ltd. has announced the disposal of its subsidiary, with the sellers agreeing to sell their equity interest to the purchaser for a total consideration of RMB100 million. Upon completion, Mingfa Group will no longer hold any equity interest in the subsidiary, which will affect its consolidated financial statements. This transaction is classified as a discloseable transaction under the Hong Kong Stock Exchange’s Listing Rules, requiring reporting and announcement but not shareholder approval.
More about Mingfa Group (International) Co. Ltd.
YTD Price Performance: -40.46%
Average Trading Volume: 163,111
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$627.6M
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