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Zhong Jia Guo Xin Extends Completion Date for Major Disposal Amid Economic Challenges

Story Highlights
  • Zhong Jia Guo Xin Holdings is selling a target company with a new completion date of December 31, 2025.
  • The extension is due to economic uncertainties and the purchaser’s need for more time to arrange funds.
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Zhong Jia Guo Xin Extends Completion Date for Major Disposal Amid Economic Challenges

Asia Resources Holdings Limited ( (HK:0899) ) has issued an announcement.

Zhong Jia Guo Xin Holdings Company Limited, listed on the Hong Kong Stock Exchange, has entered into a substantial disposal agreement involving the sale of a target company. The completion date for this transaction has been extended to December 31, 2025, due to economic uncertainties and the need for the purchaser to arrange necessary funds. This decision comes after attempts to find alternative buyers were unsuccessful, underscoring the challenging market conditions in the PRC.

More about Asia Resources Holdings Limited

YTD Price Performance: -7.78%

Average Trading Volume: 1,062,409

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: HK$109M

See more data about 0899 stock on TipRanks’ Stock Analysis page.

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