Capinfo to Sell Property Interest in Firm For 132.9 Million Yuan

MT Newswires Live

02/04

Capinfo (HKG:1075) said it was selling its 4% property interest in Beijing Jingguosheng Investment Fund for 132.9 million yuan, according to a Hong Kong bourse filing Tuesday.

Shares of the IT firm fell nearly 1% in morning trade Wednesday.

The firm is selling the stake to its associate Beijing State-Owned Assets Management Corp. and will cease to hold any property interest in the target company after the sale.

Capinfo expects to record a gain of 6.5 million yuan on the sale in 2025 and 2026, it said.

Capinfo is selling the stake as part of a broader strategy to shed non-core assets.

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