Cinese International Group Holdings Ltd. Announces Disposal of Entire Equity Interests in Subsidiary for HK$15.8 Million

Reuters

08/29

Cinese International Group Holdings Ltd. Announces Disposal of Entire Equity Interests in Subsidiary for HK$15.8 Million

Cinese International Group Holdings Ltd. has announced the completion of a major transaction involving the acquisition of Sale Shares as per the share purchase agreement dated 29 August 2025. The transaction, which has been deemed fair and reasonable by the Board of Directors, aligns with the company's strategic objective to optimize its business structure and seek new growth drivers. The company has confirmed that the transaction will no longer be consolidated into its financial statements. The closing balance sheet for Tour East Canada will be prepared and delivered within 90 days following the closing date. The company will continue to monitor and reassess its business portfolio to create value for its stakeholders.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cinese International Group Holdings Ltd. published the original content used to generate this news brief on August 29, 2025, and is solely responsible for the information contained therein.

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Announces Disposal of Entire Equity Interests in Subsidiary for HK$15.8 Million\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-08-29 23:06</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Cinese International Group Holdings Ltd. Announces Disposal of Entire Equity Interests in Subsidiary for HK$15.8 Million\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Cinese International Group Holdings Ltd. has announced the completion of a major transaction involving the acquisition of Sale Shares as per the share purchase agreement dated 29 August 2025. The transaction, which has been deemed fair and reasonable by the Board of Directors, aligns with the company's strategic objective to optimize its business structure and seek new growth drivers. The company has confirmed that the transaction will no longer be consolidated into its financial statements. The closing balance sheet for Tour East Canada will be prepared and delivered within 90 days following the closing date. 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