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Witsun Hong Kong Stock Investment Journal | July 22nd
Hong Kong Stock Investment Diary | July 22, 2024
GOLDEN FAITH GP: Interim Report 2024
Golden Faith Group Disposes Subsidiary, Shares Down 6%
Golden Faith Group's subsidiary plans to sell all issued shares of Kanghe Electric Machine to Changhe Electric Power Engineering.
Golden Faith GP (02863) has announced that on June 4, 2024, Guan Zhi, a wholly-owned subsidiary of the company, signed an agreement with the buyer, Changhe Electric Power Engineering Co., Ltd. Under the agreement, Guan Zhi agreed to sell and the buyer agreed to purchase the issued shares representing all the issued share capital of the Company's Kanghe Electric Machine Co., Ltd. The sale price is HKD 5 million plus its net asset value. The parties agreed that the net asset value shall not exceed HKD 1.1 million, and thus the sale price shall not exceed HKD 6.1 million. The announcement stated that the group is mainly engaged in mechanical and electrical engineering businesses and real estate investments, while Guan Zhi is an investment holding company. Group.
Golden Faith GP (02863.HK) plans to sell all equity of Kanghe Electric Machine for no more than 6.1 million Hong Kong dollars.
On June 4th, Golden Faith GP (02863.HK) announced that on June 4th, 2024, Guan Zhi, a wholly-owned subsidiary of a company, signed an agreement with the buyer. According to the agreement, Guan Zhi agreed to sell and the buyer agreed to purchase the issued share capital representing all the issued share capital of Kanghe Electric Machine Co., Ltd., a subsidiary of the company. The selling price is HKD 5 million and its net asset value. The parties agreed that the net asset value does not exceed HKD 1.1 million, so the selling price will not exceed HKD 6.1 million. As of the date of the announcement, the selling company is a wholly-owned subsidiary of the company that mainly engages in electrical utilities and maintenance (E&M) engineering business.
Express News | Golden Faith Group Sees Gain on Disposal of Approximately HK$5 Mln
Market Might Still Lack Some Conviction On Golden Faith Group Holdings Limited (HKG:2863) Even After 30% Share Price BoostNo Data
