SC HOLDINGS sells terminated operating subsidiary to the chairman for 26.96 million yuan

AASTOCKS
2025.05.06 15:04

SC HOLDINGS (00413.HK) announced the sale of all equity interests in its discontinued operating subsidiaries World Mastery, Crosslight Limited, and Chun Wing Company Limited to its controlling shareholder and chairman Eddie Wu for a consideration of HKD 26.96 million, which will be settled by offsetting the company's outstanding shareholder loans to the buyer. The estimated proceeds from the sale are approximately HKD 70 million

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