Grand Field Group Holdings Limited Updates on Subsidiary Disposal, Expects Net Gain of HK$60.6 Million

Reuters

Jul 29

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.

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. Grand Field Group Holdings Limited published the original content used to generate this news brief on July 29, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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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.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>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. Grand Field Group Holdings Limited published the original content used to generate this news brief on July 29, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00115","symbol_name":"钧濠集团","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250729:nNDL41B844:1","article_id":"2555102051","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2555102051","pubTimestamp":1753794573,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"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.Disclaimer: This news brief was created by Public Technologies  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. Grand Field Group Holdings Limited published the original content used to generate this ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00115":"钧濠集团","BK1240":"房地产开发"},"translate_title":"君田集团控股有限公司出售附属公司最新消息，预计净收益60,600,000港元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00115":0.9},"content_text":"Grand Field Group Holdings Limited Updates on Subsidiary Disposal, Expects Net Gain of HK$60.6 Million\n    \n\n        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.\n      \n\nDisclaimer: 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. Grand Field Group Holdings Limited published the original content used to generate this news brief on July 29, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"event","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}