Grand Field Group Holdings Limited Updates on Subsidiary Disposal, Expects Net Gain of HK$60.6 Million
Grand Field Group Holdings Limited has provided an update on the disposal of one of its subsidiaries. The completion of the transaction took place on 30 June 2025. The company reported that the net liabilities of the subsidiary, Ka Fong, amounted to approximately HK$34.6 million as of the completion date. Additionally, the release of a foreign currency translation reserve of approximately HK$26.0 million is expected. As a result, Grand Field Group Holdings anticipates recording a net gain of approximately HK$60.6 million from the disposal. The update was announced by Grand Field Group Holdings Limited.
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