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ROAD KING INFRA Sells 65% Stake in SH Property Project w/ Expected Gain of RMB3.5M
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ROAD KING INFRA (01098.HK) and the Co-Vendor agreed to sell the remaining 80% of the equity interests it holds to the existing shareholder of its non-wholly owned subsidiary, Shanghai Junxin Property Co., Ltd., at a total consideration of RMB116.4 million. The Group holds a 65% equity interest in the target company, realizing approx. RMB94.4 million, with an expected net gain of approx. RMB3.5 million. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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