CHINA ENV RES terminates the sale of all equity interests in First Rank Corporation

Zhitong
2025.08.11 09:38
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China EnvRes announced the termination of the sale of its wholly-owned subsidiary First Rank Corporation's equity interest, as the buyer failed to complete the transaction by August 11, 2025. The company has issued a termination notice to the buyer and forfeited the HKD 11.8 million deposit as compensation for breach of contract. The board believes that this termination will not have a significant impact on the group's business and financial condition