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SMIT Holdings (02239.HK) Sells Minority Stake in Shenzhen Hongxin, Records USD34M Pre-tax Gain
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SMIT Holdings (02239.HK) announced that it has disposed of its entire 7.8125% equity interest in Shenzhen Hongxin to an independent third party, Shanghai Linke Xinlun Venture Capital Partnership (Limited Partnership), at a consideration of RMB266 million. The disposal is expected to record a pre-tax gain of USD34 million. (de/d) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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