Hing Yip Holdings Limited announced that it has entered into an agreement to sell a 31% equity interest in Guangdong Nanhong Civil Explosives Co., Ltd. to Hongda Explosive. The consideration for the transaction is RMB105,932,363, which is approximately HK$115,784,000. According to Hing Yip Holdings, no shareholders are materially interested in the disposal, and the transaction is part of the company's ongoing business activities.
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