Sino Harbour Sells Stake in Hangzhou Gangyu

Sino Harbour Holdings Group Limited (HK:1663) has released an update.

Sino Harbour Holdings Group Limited has announced the disposal of its 100% equity interest in Hangzhou Gangyu for RMB8,560,000. This strategic move means that Hangzhou Gangyu will no longer be a subsidiary, affecting the company’s financial statements. The disposal was finalized after negotiations, considering Hangzhou Gangyu’s financial position and existing contracts.

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