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]