Poly Property Group Co (HK:0119) has released an update.
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Poly Property Group Co. has reached a settlement agreement to resolve legal proceedings related to its proposed disposal of a subsidiary’s shares. This agreement follows a series of events, including a share transaction and a government property re-entry in Macau, which triggered the disposal process. The settlement, effective immediately, has been classified as a discloseable transaction under Hong Kong’s listing rules, exempting it from shareholder approval.
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