Core Viewpoint - Northern Mining (00433.HK) has entered into a conditional sale agreement to sell its wholly-owned subsidiary, Jiulong Investment (Shanghai) Co., Ltd., for HKD 1 million, with cash payment upon completion [1] Group 1: Transaction Details - The sale agreement involves the complete divestment of Jiulong Investment, which will no longer be a subsidiary of the group post-completion [1][3] - The financial performance, assets, and liabilities of Jiulong Investment will not be consolidated into the group's financial statements after the sale [1][3] Group 2: Business Strategy - The board believes that the proposed sale represents a valuable opportunity for the group to reshape its business strategy and reallocate resources towards its core mining operations [2] - For the six months ending June 30, 2025, the mining segment recorded significant segment profit of approximately HKD 515 million and segment earnings of about HKD 172 million [2]
北方矿业(00433.HK)拟100万港元出售久龙投资(上海)全部股本