National Electronics Sells Property to Insider

National Electronics Holdings (HK:0213) has released an update.

National Electronics Holdings Limited has sold a two-bedroom condominium unit through its subsidiary, RNG Studios Inc., to a connected party, Mr. Lee Bon Yee, Leonard, for US$1,766,000. The sale to Mr. Lee, who is related to two executive directors of the company, falls within reporting and announcement requirements but is exempt from shareholder approval. The deal, finalized after trading hours on September 24, 2024, was priced through arm’s length negotiations and is subject to adjustments.

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