China Information Technology Development Ltd. Issues Supplemental Announcement on Subsidiary Sale

Reuters

Feb 02

China Information Technology Development Ltd. Issues Supplemental Announcement on Subsidiary Sale

China Information Technology Development Ltd. has provided a supplemental update regarding its previously announced disposal of 100% interests in a subsidiary. The company explained that the decision was influenced by low trading volumes and a soft share price for GEGHL over the past year. The move is intended to allow the company to focus resources on its principal businesses while reducing administrative costs. The board considers the terms of the disposal to be fair and reasonable. All other details of the original announcement remain 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. China Information Technology Development Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260202-12008884), on February 02, 2026, 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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Issues Supplemental Announcement on Subsidiary Sale","media":"Reuters","content":"<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      China Information Technology Development Ltd. Issues Supplemental Announcement on Subsidiary Sale\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        China Information Technology Development Ltd. has provided a supplemental update regarding its previously announced disposal of 100% interests in a subsidiary. The company explained that the decision was influenced by low trading volumes and a soft share price for GEGHL over the past year. The move is intended to allow the company to focus resources on its principal businesses while reducing administrative costs. The board considers the terms of the disposal to be fair and reasonable. 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Issues Supplemental Announcement on Subsidiary Sale\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\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\">2026-02-02 17:13</p>\n</div>\n\n</a>\n\n\n</h4>\n\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      China Information Technology Development Ltd. 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ID: HKEX-EPS-20260202-12008884), on February 02, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1117","symbol_name":"系统软件","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260202:nNDL2lDVj7:1","article_id":"2608485495","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2608485495","pubTimestamp":1770023585,"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":"China Information Technology Development Ltd. has provided a supplemental update regarding its previously announced disposal of 100% interests in a subsidiary. 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The board considers the terms of the disposal to be fair and reasonable. All other details of the original announcement remain unchanged.\n      \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. China Information Technology Development Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. 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