Maoye International Holdings Limited has disclosed the disposal of its shares in Shengjing Bank, with the aggregate consideration for the transaction amounting to approximately RMB123,975,000. The update references joint announcements and a composite document previously issued regarding the share offer. Taiyuan Maoye Department Store Ltd., an indirectly wholly owned subsidiary of Maoye International, is involved in the domestic share offer. The company stated that the disposal is considered to be in the best interests of the company and its shareholders as a whole.
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