China Partytime Sells Subsidiary for RMB20.5 Million
China Partytime Culture Holdings Ltd. announced the sale of its wholly-owned subsidiary for RMB20.5 million. This transaction, considered a discloseable event under Hong Kong's Listing Rules, reflects strategic realignment and will exclude the subsidiary from the company's consolidated financial statements.
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China Partytime Culture Holdings Ltd. ( (HK:1532) ) has shared an announcement.
China Partytime Culture Holdings Ltd. has announced the disposal of its entire equity interest in a wholly-owned subsidiary, the Target Company, for RMB20.5 million. This transaction will result in the Target Group no longer being part of the company’s consolidated financial statements. The sale, deemed a discloseable transaction under Hong Kong’s Listing Rules, was completed on the same day as the agreement, reflecting strategic realignment and expected benefits for the company.
More about China Partytime Culture Holdings Ltd.
Average Trading Volume: 197,470
Technical Sentiment Signal: Sell
Current Market Cap: HK$186.1M
Learn more about 1532 stock on TipRanks’ Stock Analysis page.
