Cinese International Updates on Disposal of Wholly Owned Subsidiary
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Cinese International Group Holdings Limited (HK:1620) has announced an update regarding the disposal of its wholly owned subsidiary. The transaction includes a retained purchase price to be paid 181 days post-closing, pending agreement on indemnity claims and price adjustments. The final financial impact remains uncertain as the company consults with advisers. Cinese will provide further updates as required by Hong Kong listing rules. The latest analyst rating for HK:1620 is a Sell with a price target of HK$0.08.
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