Core Viewpoint - The company, Jiyi Holdings (01495), has entered into a sale agreement to sell its entire issued share capital of Jiyi Investment Limited to China-Italy International Holdings Limited for HKD 10,000, due to the target company's ongoing financial losses and operational cessation since January 1, 2025 [1] Group 1: Financial Performance and Operational Status - The target company and its subsidiaries primarily engaged in the retail sale of building materials have reported minimal profits and continuous losses over several years [1] - The target company has ceased operations as of January 1, 2025, reflecting a deteriorating financial condition and limited business prospects [1] Group 2: Strategic Rationale for the Sale - The sale is aimed at streamlining the group's structure by divesting a poorly performing subsidiary, thereby alleviating the financial burden associated with maintaining a loss-making entity [1] - The group anticipates that the sale will generate proceeds and allow management to focus resources on developing core business areas [1] - The board, including independent non-executive directors, believes that the terms of the sale are fair and reasonable, aligning with the overall interests of the company and its shareholders [1]
集一控股(01495)拟1万港元出售集一投资有限公司的全部股权