Core Viewpoint - The company plans to sell its entire issued share capital of Torch Media Co., Ltd. to Crestwell International Limited for HKD 8 million, as part of its ongoing business optimization efforts [1] Group 1: Sale Details - The sale involves the transfer of certain prepaid amounts held by the target group to the company's subsidiary, Shenqian Technology [1] - Torch Media Co., Ltd. primarily engages in media content production and distribution [1] Group 2: Strategic Rationale - The board believes that the target company has limited strategic development prospects within the group due to two consecutive years of net losses and the need for ongoing financial resources to maintain operations [1] - The sale allows the group to optimize asset allocation and focus on areas with greater growth potential [1] - By divesting the loss-making business, the group can reallocate internal resources to support the development of event hosting and functional materials trading sectors, enhancing overall financial flexibility [1]
中国前沿科技集团(01661)拟800万港元出售媒体内容制作及发行业务