Chow Tai Fook plans to sell equity in three companies for approximately 1.979 billion yuan
2026-11-10 18:43:33
According to CoinMeta, Chow Tai Fook (00659.hk) announced its intention to sell equity in three companies for approximately 1.979 billion yuan. Specifically, the company's indirectly wholly-owned subsidiaries, Seller A, Seller B, and Seller C, entered into agreements with Buyer A and Buyer B respectively to sell 100% of the equity in Wanjue Investment Co., Ltd. (for 542 million yuan), 25% of the equity in Guangzhou-Zhuhai Expressway Co., Ltd. (for approximately 747.4 million yuan), and 25% of the equity in Zhaoqing Yuezhao Highway Co., Ltd. (for 690 million yuan). The completion of each sale agreement is not contingent on the completion of the other agreements, and after completion, the group will no longer hold any equity in the target companies.
Source:Jin10 Data
This content is for market information only and does not constitute investment advice.
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