Guangdong - Hong Kong Greater Bay Area Holdings (HKG:1396) agreed to dispose the entire issued share capital of its subsidiary Sail Day to Elegance Rich Global for HK$36 million, a Wednesday Hong Kong bourse filing said.
The company plans to use the expected net proceeds of HK$35.9 million for the general working capital of the group.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.