Summary by Moomoo AI
Aerospace hi-tech holding group announced on June 28, 2024 that a wholly-owned subsidiary (the "Seller") and an independent third party Stable Brand Limited (the "Buyer") have reached an agreement to sell all issued shares of the target company, Productive Glory Limited, for approximately HK$37.38 million. The target company is mainly engaged in investment holding, and its Chinese subsidiary, Hongshengchang Technology (Xiamen) Limited, focuses on electrical components services (EMS) business. After the transaction is completed, the target group will no longer be included in the consolidated financial statements of the company. The sale items constitute a transaction subject to disclosure under the listing rules, and completion is still subject to the fulfillment of the conditions precedent set out in the agreement...Show More