Honghua Group Sells Equity Stake in Strategic Divestment
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Honghua Group Limited (HK:0196) has announced the sale of its entire 6.9152% equity stake in a target company to Chengdu Jiaozi for approximately RMB85,764,000. This strategic divestment is classified as a disclosable transaction under Hong Kong’s Listing Rules and may influence Honghua's investment portfolio and financial strategy. Honghua operates in the industrial sector, focusing on manufacturing drilling rigs and related equipment for the oil and gas industry, with a current market cap of HK$1.69B.
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