NEW TIMES CORP's subsidiary plans to sell 49% of the issued shares of Hongxin
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NEW TIMES CORP announced that its wholly-owned subsidiary, Huangxin, will sell 49% of the issued shares of Hongxin and the corresponding shareholder loans, with a total transaction price of approximately HKD 13.295 million. After the transaction is completed, Huangxin will hold 51% of the shares of Hongxin, while Send will hold 49%. The board believes that this transaction will help improve the group's liquidity position
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