---
title: "CINESE INTL sells subsidiary transaction funds without reaching an agreement and is seeking professional advice"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/277125662.md"
description: "CINESE INTL announced that the transaction for the sale of its wholly-owned subsidiary BVTEHC has not been agreed upon, with the buyer withholding the retention amount, which is expected to be paid on the 181st day after the completion date. The parties have not yet reached an agreement on the amount of compensation claims and adjustments to the purchase price. The group is assessing the situation and consulting professional advice, and will issue further announcements in due course in accordance with the listing rules"
datetime: "2026-02-27T01:20:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/277125662.md)
  - [en](https://longbridge.com/en/news/277125662.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/277125662.md)
---

# CINESE INTL sells subsidiary transaction funds without reaching an agreement and is seeking professional advice

CINESE INTL (01620.HK) announced that regarding the transaction disclosed last August for the sale of its wholly-owned subsidiary BVTEHC for approximately HKD 17.1 million, the retention amount is held by the buyer and will be paid on the 181st day after the completion date. As of yesterday (26th), the buyer and seller have not yet reached an agreement on the compensation claim amount proposed by the buyer and the adjustment amount of the purchase price.

The group stated that it is assessing the situation and consulting with local and overseas professionals on this matter, and will make further announcements regarding the transaction in due course in accordance with the listing rules

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