Zhong Jia Guo Xin Holdings Announces Sale of Subsidiaries for RMB 3 Million
Reuters
Oct 15
Zhong Jia Guo Xin Holdings Announces Sale of Subsidiaries for RMB 3 Million
Zhong Jia Guo Xin Holdings Company Limited has agreed to sell its entire equity interest in Creation Apex Limited, Impact Winner Limited, King Lotus Limited, and World Legend Enterprises Limited to Vantage On Ventures Limited for a total cash consideration of RMB3 million (approximately HK$3.286 million). Following the completion of this transaction, the Target Companies will no longer be subsidiaries of Zhong Jia Guo Xin Holdings, and their financial results will not be consolidated into the group's financial statements. The purchaser, Vantage On Ventures Limited, is wholly owned by Ms. Li Haimei, an independent third party.
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