Core Viewpoint - China Life Group (08296) has announced the sale of its subsidiary, Junqun Development Limited, for HKD 10 million, aiming to terminate its business operations in Vietnam due to minimal revenue generation and unmet growth expectations [1] Financial Performance - The group has experienced negligible revenue since its establishment, leading to the decision to divest its operations in Vietnam [1] - The sale is expected to streamline the company's operations and allow for more effective resource allocation to other business segments with better growth prospects [1] Strategic Implications - The divestment will provide additional reserves for future business development opportunities [1] - The decision reflects a strategic shift towards focusing on more promising areas of growth within the company's portfolio [1]
中国生命集团(08296)附属拟1000万港元出售骏群发展所有已发行股份