Chasen Holdings (SGX:5NV) completed the proposed disposal of its 90% stake in Suzhou Promax Communication Technology to Wee Teck Wee, according to a filing with the Singapore Exchange on Thursday.
In an earlier filing, the company had reported that the subsidiary had incurred a loss of SG$4.2 million in fiscal 2024. The disposal allows the company to limit future losses.
The company now has a 10% stake in the subsidiary.
Chasen shares gained over 1% in recent trade.
Price (SGD): S$0.07, Change: S$+0.0010, Percent Change: +1.41%
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。