NEW TIMES CORP sells 49% of its precious metals refining subsidiary for 13.3 million yuan

AASTOCKS
2025.07.24 14:20

NEW TIMES CORP (00166.HK) announced the sale of a 49% stake in Hongxin along with shareholder loans to an independent third party, Send. The cash consideration is approximately HKD 13.3 million. Upon completion, the company will hold a 51% stake in Hongxin, which primarily operates a precious metals refinery and engages in international precious metals trading in Hong Kong

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