CROSS-HAR(HOLD) sells partnership equity, expected to record a loss of over 24.93 million yuan

AASTOCKS
2025.10.02 01:55

CROSS-HAR(HOLD) (00032.HK) announced that through an auction process, its wholly-owned subsidiary MWH entered into an agreement with PortfolioAdvisors on September 30 to sell all its equity interests in the partnership Apollo Hybrid Value Overseas Partners II, L., with an initial purchase price of USD 18.118 million (approximately HKD 141 million).

The company expects to recognize a loss of USD 3.197 million (approximately HKD 24.937 million) for the fiscal year ending December 31, 2025, with the net proceeds expected to be used for future potential investment opportunities and general working capital. After the completion of the transaction, the group will no longer hold any equity interests in the partnership

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