Guangdong Yueyun Transportation (HKG:3399) agreed to sell 100% equity interest in Zhuhai Gongyun to Kee Kwan for nearly 25.1 million yuan, a Wednesday bourse filing said.
Zhuhai Gongyun engages mainly in road passenger transportation and station operations.
The transportation company will use proceeds from the disposal to supplement its working capital.
Kee Kwan is a unit of GCGC, which is the controlling shareholder of Guangdong Yueyun Transportation.
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.