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Qingdao Eyes Sale of Construction Wing
qingdao hldgs (00499.HK) intends to publicly list for sale 95% equity of Huaiyi Construction, its subsidiary.
On October 23, GeLongHui announced that qingdao hldgs (00499.HK) plans to sell its 95% equity interest in Huaibei Huiyi Construction Development Co., Ltd. (Huaibei Construction), held through its subsidiary Zhongjian Qingkong Development and Construction Co., Ltd., which holds 51% equity interest. The sale will be conducted through public listing. After the potential sale is completed, the company will no longer hold any equity interest in Huaibei Construction, and Huaibei Construction will no longer be a subsidiary of the company. Huaibei Construction is mainly engaged in architecture engineering, real estate development, residential interior design and decoration, architectural labor subcontracting, and property management.
Express News | Qingdao Holdings International Ltd - Potential Disposal Through Public Tender
QINGDAO HLDGS: INTERIM REPORT 2024
QINGDAO HLDGS: INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2024
Qingdao Hldgs (00499.HK) profit warning: expected mid-year loss of approximately 14 million yuan.
Qingdao Holdings (00499.HK) announced on August 25th that, based on the preliminary evaluation of the unaudited consolidated management accounts for the six months ended June 30, 2024 (mid-2024) and the information currently available to the board of directors, it is expected that the group will record a loss attributable to owners of the company of approximately RMB 14 million for the six months ended June 30, 2024, compared to a loss of approximately RMB 31 million for the six months ended June 30, 2023. The decrease in loss is mainly due to various factors, including: (i) the fair value of investment properties in 2024.
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