Kwan On Completes Disposal of Subsidiary, Shares Slide 8%

MT Newswires Live
01 Apr

Kwan On Holdings (HKG:1559) said all conditions for the disposal and guarantee were met, and the transaction was completed on March 31, according to a Monday filing with the Hong Kong bourse.

Win Vision Holdings is no longer a subsidiary, and its financial results will no longer be consolidated into the Group's accounts.

The civil engineering firm's shares were down by 8% in recent trading.

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