Sanbase Corporation Ltd. Announces Sale of Subsidiary to Streamline Business Operations

Reuters

08/29

Sanbase Corporation Ltd. Announces Sale of Subsidiary to Streamline Business Operations

Sanbase Corporation Limited has announced a transaction involving the disposal of a subsidiary. On August 29, 2025, the company's wholly-owned subsidiary, 1017 Company Limited, entered into a share purchase agreement with a connected person to sell its interest in Sanbase China Holding Limited. This Hong Kong-incorporated company, which is an indirect wholly-owned subsidiary of Sanbase Corporation, is part of a structured deal that also involves its PRC Subsidiary. The transaction reflects Sanbase Corporation's strategic decision to adjust its holdings within its corporate structure.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sanbase Corporation Ltd. published the original content used to generate this news brief on August 29, 2025, and is solely responsible for the information contained therein.

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Announces Sale of Subsidiary to Streamline Business Operations\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-08-29 20:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Sanbase Corporation Ltd. Announces Sale of Subsidiary to Streamline Business Operations\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Sanbase Corporation Limited has announced a transaction involving the disposal of a subsidiary. On August 29, 2025, the company's wholly-owned subsidiary, 1017 Company Limited, entered into a share purchase agreement with a connected person to sell its interest in Sanbase China Holding Limited. This Hong Kong-incorporated company, which is an indirect wholly-owned subsidiary of Sanbase Corporation, is part of a structured deal that also involves its PRC Subsidiary. The transaction reflects Sanbase Corporation's strategic decision to adjust its holdings within its corporate structure.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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