Concord New Life Group to Sell 66.66% Stake in Joint Venture for 160M Yuan

GateNews
According to Hong Kong Stock Exchange disclosure, Concord New Life Group's wholly-owned subsidiary agreed on May 26 to sell a 66.66% stake in a property management joint venture to a subsidiary of Sun Hung Kai Properties (China) for 160 million yuan. The target company operates and manages the property through its wholly-owned subsidiary Chun Sheng Limited. Following completion, Concord will hold no further equity interest in the target company.
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