Contel Technology Issues Correction on Financial Figures in Disposal Announcement

Reuters
10/31
Contel Technology Issues Correction on Financial Figures in Disposal Announcement

Contel Technology Co. Ltd. issued a clarification and supplemental announcement regarding a previous discloseable transaction, correcting figures for the aggregate unaudited net liability value of the Target Companies as at 31 March 2025 and the gain on disposal. The company stated the net liability value was approximately RMB17.6 million and expects to record a gain on disposal of about RMB5.2 million after adjustments. All other information in the original announcement remains unchanged.

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. Contel Technology Co. Ltd. published the original content used to generate this news brief on October 31, 2025, and is solely responsible for the information contained therein.

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