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China Wood Int (01822.HK) intends to sell the automobile leasing business for 0.05 million yuan.
China Wood Int (01822.HK) announced the sale of the automobile leasing business Gigantic Wisdom's entire equity and connected loans to the independent third party Manyi Asia, for a cash consideration of 0.05 million yuan. Based on the estimated net debt of the group of 66.7 million yuan from the sale, a profit of approximately 60 million yuan will be recorded.
China Wood International Sells Step-down Subsidiary
China Wood International (01822.HK) intends to sell all shares of Gigantic Wisdom.
Glorylink reported on October 28th that china wood int (01822.HK) announced that on October 28, 2024, the seller (a wholly-owned subsidiary of the company) entered into an agreement with the buyer (an independent third party) regarding the sale of assets, whereby the seller agrees to sell and the buyer agrees to purchase the shares (i.e. all the issued share capital of Gigantic Wisdom Limited, the company being sold) and the sales loan, at a cash price of 50,000 Hong Kong dollars. The company being sold is a limited company registered in the British Virgin Islands, mainly engaged in investment holding. The sale of shares refers to the sale
China Wood Int [01822] is now trading at 0.32 Hong Kong dollars, with a growth rate of 10.35%.
As of 11:39, china wood int [01822] reported a price of 0.32 Hong Kong dollars, up by 0.03 Hong Kong dollars or 10.35% compared to the closing price of 0.29 Hong Kong dollars yesterday, with a trading volume of 0.0096 million Hong Kong dollars. The highest price today is 0.32 Hong Kong dollars, the lowest price is 0.32 Hong Kong dollars. Based on yesterday's closing price, the 10-day average price is 0.33 Hong Kong dollars, the 50-day average price is 0.31 Hong Kong dollars. The current PE ratio is 0.04 times, and the 14-day relative strength index is reported at 43.01.
CHINA WOOD INT: INTERIM REPORT 2024
China Wood International Holding Raises HK$15 Million via Share Placement
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