---
title: "China Partytime Sells Subsidiary for RMB20.5 Million"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/266557464.md"
description: "China Partytime Culture Holdings Ltd. announced the sale of its wholly-owned subsidiary for RMB20.5 million. This transaction, considered a discloseable event under Hong Kong's Listing Rules, reflects strategic realignment and will exclude the subsidiary from the company's consolidated financial statements."
datetime: "2025-11-19T12:38:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/266557464.md)
  - [en](https://longbridge.com/en/news/266557464.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/266557464.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/266557464.md) | [繁體中文](https://longbridge.com/zh-HK/news/266557464.md)


# China Partytime Sells Subsidiary for RMB20.5 Million

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China Partytime Culture Holdings Ltd. ( (HK:1532) ) has shared an announcement.

China Partytime Culture Holdings Ltd. has announced the disposal of its entire equity interest in a wholly-owned subsidiary, the Target Company, for RMB20.5 million. This transaction will result in the Target Group no longer being part of the company’s consolidated financial statements. The sale, deemed a discloseable transaction under Hong Kong’s Listing Rules, was completed on the same day as the agreement, reflecting strategic realignment and expected benefits for the company.

**More about China Partytime Culture Holdings Ltd.**

**Average Trading Volume:** 197,470

**Technical Sentiment Signal:** Sell

**Current Market Cap:** HK$186.1M

Learn more about 1532 stock on TipRanks’ Stock Analysis page.

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