Towngas China Co (HK:1083) has released an update.
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Towngas China Co has announced a significant restructuring involving the transfer and acquisition of equity interests in its extended business operations in China and Hong Kong. This move aims to consolidate the company’s holdings under Towngas Lifestyle, a subsidiary, enhancing its operational efficiency and market presence. The transactions, classified as connected transactions under the Listing Rules, highlight strategic financial maneuvers that could impact investor interest.
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