Core Viewpoint - The company, Ocean Group, has announced the sale of a 60% stake in its subsidiary, East Shack Limited, to New Vision International Ltd for £313,415 (approximately HKD 3.15 million), effective November 20, 2024. This divestment will result in the company no longer holding any equity in the target company, which will cease to be a subsidiary, thus removing its financial performance from the group's consolidated financial statements [1]. Summary by Sections - The sale agreement involves WTS 2020 Limited (the seller) and New Vision International Ltd (the buyer) [1]. - The decision to sell was influenced by strategic differences in operational philosophy and management style between the company and other shareholders of the target group [1]. - The divestment is part of a broader restructuring of the company's retail business segment, allowing for the reallocation of resources to other existing opportunities [1].
大洋集团(01991.HK)出售East Shack Limited 60%股权 作价315万港元