Putian Communication Group Limited has issued a supplemental announcement regarding the disposal of a 51% equity interest in one of its subsidiaries. The update follows their initial announcement dated 21 March 2025. The disposal process began when the Purchaser, introduced to executive director Mr. Zhao Xiaobao through his sister, expressed interest in acquiring stakes in the Target Company in early June 2024. Negotiations between the Purchaser and Chairlady Ms. Wang Qiuping continued until an agreement was reached on 18 July 2024. The company has outlined measures to ensure compliance with listing rules and has appointed Mr. Zhao Zhiwei, the finance manager, to monitor the transactions closely.
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