Sling Group Holdings Ltd. Updates on Disposal of Interests in Underperforming Subsidiary to Prevent Future Losses
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Sling Group Holdings Ltd. has provided an update on the disposal of interests in an underperforming subsidiary, stating that this decision is aimed at preventing future losses. The company reassured that this move will not affect its core operations, which include the distribution of women’s handbags and sub-licensing arrangements. The overall business strategy remains unchanged following the transaction.
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