Nanfang Communication Completes Major Asset Disposal
Nanfang Communication Holdings Ltd. (HK:1617) has completed a significant asset disposal as of October 24, 2025, under an amended Sale and Purchase Agreement. This transaction results in the company no longer holding shares in the Target Company, which may affect its operational focus and market strategy. The current market cap is HK$187M, with an average trading volume of 8,151,619 and a technical sentiment signal of 'Hold'.
Nanfang Communication Holdings Ltd. ( (HK:1617) ) has shared an update.
Nanfang Communication Holdings Limited, a company incorporated in the Cayman Islands, has announced the completion of a very substantial disposal as of October 24, 2025. This transaction, finalized under the amended Sale and Purchase Agreement, results in the company ceasing to hold any shareholding in the Target Company, potentially impacting its operational focus and market strategy.
More about Nanfang Communication Holdings Ltd.
Average Trading Volume: 8,151,619
Technical Sentiment Signal: Hold
Current Market Cap: HK$187M
Learn more about 1617 stock on TipRanks’ Stock Analysis page.
