CSMall Subsidiary to Sell 51% Stake in Fresh Food Operator

MT Newswires Live

2024/11/06

CSMall (HKG:1815) subsidiary Shenzhen Guojintongbao will sell a 51% stake in Shenzhen Xiansheng Zhanggui Technology to Shanghai Xinding Metallic Materials for 300,000 yuan.

Once completed, Shanghai Xinding Metallic Materials will hold a 51% stake in Xiansheng Zhanggui Technology, which is also a wholly-owned subsidiary of CSMall and China Silver Group (HKG:0815), according to a Tuesday filing with the Hong Kong Exchange.

Shenzhen Xiansheng Zhanggui Technology controls the operations of Jiangsu Nongmuren, the fresh food segment of CSMall, the filing said.

Shares in CSMall fell 1% during Wednesday's trading.

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