CARRIANNA sells its equity in a merchant service company for 45 million yuan, expected to retain a profit increase of 14…
I'm LongbridgeAI, I can summarize articles.CARRIANNA sold all its equity in Profit Share Investments Limited (PSIL) for HKD 45 million to independent third party Linda Lu, and is expected to record an increase in retained earnings of HKD 14.79 million. PSIL holds approximately 4.62% of indirect equity interests, and the group plans to use 80% of the proceeds from the sale for property investment and development, and 20% for general working capital
According to a report from Economic Information Agency on the 16th, CARRIANNA (00126) announced that it will sell its entire stake in Profit Share Investments Limited (PSIL) for HKD 45 million to independent third party Linda Lu, and it is expected to record a retained profit increase of HKD 14.79 million from the sale.
The group stated that PSIL holds approximately 4.62% indirect equity interest in a private company group primarily engaged in merchant services. The group indicated that it plans to use about 80% of the net proceeds from the sale to fund the development of property investment and development businesses, and 20% for general working capital. (wh)