Core Viewpoint - China Life Group (08296) has announced the sale of its subsidiary, Junqun Development Limited, for HKD 10 million, aiming to terminate its operations in Vietnam due to minimal revenue generation and unmet business growth expectations [1] Group 1: Sale Agreement - The sale agreement was established between the seller, China Life Group Limited, and the buyer, Hao Shan Limited, with a transaction value of HKD 10 million [1] - The decision to sell was made after careful consideration of the subsidiary's financial performance since its establishment [1] Group 2: Business Strategy - The sale is intended to streamline the company's operations and allow for more effective resource allocation to other business segments with better growth prospects [1] - This move is also aimed at reserving additional resources for future business development opportunities [1]

Core Viewpoint - China Life Group (08296) has announced the sale of its subsidiary, Junqun Development Limited, for HKD 10 million, aiming to terminate its business operations in Vietnam due to minimal revenue generation and unmet growth expectations [1] Financial Performance - The group has experienced negligible revenue since its establishment, leading to the decision to divest its operations in Vietnam [1] - The sale is expected to streamline the company's operations and allow for more effective resource allocation to other business segments with better growth prospects [1] Strategic Implications - The divestment will provide additional reserves for future business development opportunities [1] - The decision reflects a strategic shift towards focusing on more promising areas of growth within the company's portfolio [1]

Core Viewpoint - China Life Group (08296.HK) announced the sale of its wholly-owned subsidiary, which operates in Vietnam, for HKD 10 million due to underperformance and to refocus resources on more promising business segments [1] Group 1: Transaction Details - The transaction involves the sale of all shares of Junqun Development Limited to Hao Shan Limited [1] - The selling company is registered in Hong Kong and primarily engages in investment holding [1] - The subsidiary's main business includes selling burial plots and providing cemetery maintenance services in Vietnam [1] Group 2: Financial Performance - The subsidiary has generated minimal revenue since its establishment and has not met expected business growth [1] - The decision to sell was made after careful consideration of the subsidiary's financial performance [1] Group 3: Strategic Implications - The sale will allow the company to streamline its operations and more effectively reallocate resources to other business segments with better growth prospects [1] - The transaction also reserves additional capital for future business development opportunities [1]