Qidian International Co., Ltd. (HK:1280) has released an update.
Qidian International Co. Ltd. has engaged in a significant financial transaction, disposing of its entire equity interest in a target company to Guangdong Shengrong for RMB29,300,000. This strategic move allows for the settlement of an outstanding loan amount due by Beijing Qidian, an indirectly owned subsidiary of Qidian International. The transaction, considered discloseable due to its size, falls within regulatory guidelines and does not require shareholder approval.
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