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Realord Group Sells 75% Stake in Department Store Operator Sincere
REALORD GROUP (01196.HK) has completed the sale of 75% of its shares in Xianshi.
On December 23, Glonghui reported that REALORD GROUP (01196.HK) announced content related to (including) the proposal to sell 75% of the issued shares of Xianshi Limited. All the prerequisites under this agreement have been fulfilled. Completion has been finalized on December 23, 2024, in accordance with the terms and conditions of the agreement. After completion, the company will no longer hold any interests in Xianshi, and Xianshi will no longer be a subsidiary of the company. The financial performance, assets, and liabilities of the Xianshi Group member companies will also no longer be consolidated into the group’s financial statements.
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