SMART CITY DEV plans to sell all shares of Colton Ventures Limited
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SMART CITY DEV announced that it plans to sell all the shares of Colton Ventures Limited held by its wholly-owned subsidiary Latest Ventures Limited to Mr. Liu Taihua on July 18, 2025. This move aims to streamline operations, concentrate resources on more profitable electromechanical engineering and interior decoration businesses, improve the performance of the construction segment, and enhance the group's liquidity and financial flexibility. The board believes that this sale provides a good opportunity to monetize investments and develop other promising businesses
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