China Ever Grand Financial Leasing Group Announces Disposal of Subsidiary

Reuters
Feb 03
China Ever Grand Financial Leasing Group Announces Disposal of Subsidiary

China Ever Grand Financial Leasing Group Co., Ltd. has provided an update regarding the proposed disposal of its entire interest in a subsidiary, referred to as the Disposal Company. The transaction involves the sale of one issued ordinary share, representing the entire share capital of the Disposal Company, through its wholly-owned subsidiary Harvest Castle Holdings Limited. Reference was made to previous announcements concerning litigation and judicial dissolution related to the Disposal Company. The completion of the disposal remains subject to certain conditions, including shareholder approval at an extraordinary general meeting.

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