Core Viewpoint - China State Construction Fuyuan (00138) announced a sale agreement involving the disposal of 95% of the issued share capital of Blackbird Works Supply Co. Limited for HKD 17.1 million, which is expected to streamline operations and improve working capital [1] Group 1: Transaction Details - The sellers, East Advance Holdings Limited and Blackbird Automotive Holding Limited, are wholly-owned subsidiaries of the company [1] - The transaction is unconditional and was completed on December 31, 2025 [1] - Prior to the sale, the target company was owned 99.999% by seller A and 0.001% by seller B [1] Group 2: Strategic Benefits - The sale is expected to simplify the group's organizational structure and streamline business operations [1] - It will improve the group's working capital situation [1] - The transaction will eliminate the need for additional cash flow injections for the future business development of the target company [1]
中建富通拟1710万港元出售Blackbird Works Supply Co. Limited 95%股权