Dimmi Life Holdings Ltd. has announced an update regarding its disposal transaction, which involves the sale of shares by its indirect wholly-owned subsidiary based in Hong Kong. The transaction, subject to conditions precedent under the Top Table Agreement, may or may not proceed as planned. The disposal involves a purchaser who is a PRC resident and an independent third party. The completion of the sale and purchase of the sale shares will occur on a specified completion date as per the agreement. The principal business activities of Dimmi Life Holdings Ltd. include construction and engineering services, property development and investment, and the development and sale of lifestyle products.
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