---
title: "SINO-LIFE GROUP's subsidiary plans to sell all issued shares of Junqun Development for HKD 10 million"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/250760855.md"
description: "SINO-LIFE GROUP announced that it will sell all issued shares of its subsidiary Junqun Development Co., Ltd. for HKD 10 million. This decision is based on Junqun Development's meager earnings since its establishment and its failure to achieve expected growth. The sale will help the company streamline operations, reallocate resources to businesses with greater growth potential, and reserve funds for future development opportunities"
datetime: "2025-07-30T10:19:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/250760855.md)
  - [en](https://longbridge.com/en/news/250760855.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/250760855.md)
---

# SINO-LIFE GROUP's subsidiary plans to sell all issued shares of Junqun Development for HKD 10 million

According to the announcement from SINO-LIFE GROUP (08296), after the trading session on July 30, 2025, the seller SINO-LIFE GROUP Limited and the buyer Hao Shan Limited entered into a sales agreement for the sale of shares (all issued shares of Junqun Development Limited) at a price of HKD 10 million.

The announcement stated that the revenue generated by the group since its establishment has been minimal, failing to achieve the expected business growth. After careful consideration of the group's financial performance related to the sale, the company decided to terminate its business operations in Vietnam through this sale. The sale will allow the company to streamline its business operations, more effectively reallocate resources to other business segments with better growth prospects, and reserve additional resources for future business development opportunities

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