Putian Communication Group (HKG:1720) agreed to sell a 51% stake in its subsidiary, Putian Cable Group Communication Technology, to individual investor Zhao Xiaobao for about 3 million yuan, according to a Friday filing with the Hong Kong bourse.
The sale, entered into on July 18, 2024, follows the company's decision to divest its underperforming investment while retaining a 49% stake.
The proceeds will be used for corporate purposes. Completion of the deal is pending mutual agreement between the parties.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。