Core Viewpoint - China Life Group (08296) has announced the sale of its subsidiary, Junqun Development Limited, for HKD 10 million, aiming to terminate its operations in Vietnam due to minimal revenue generation and unmet business growth expectations [1] Group 1: Sale Agreement - The sale agreement was established between the seller, China Life Group Limited, and the buyer, Hao Shan Limited, with a transaction value of HKD 10 million [1] - The decision to sell was made after careful consideration of the subsidiary's financial performance since its establishment [1] Group 2: Business Strategy - The sale is intended to streamline the company's operations and allow for more effective resource allocation to other business segments with better growth prospects [1] - This move is also aimed at reserving additional resources for future business development opportunities [1]
中国生命集团附属拟1000万港元出售骏群发展所有已发行股份