Kwoon Chung Bus Signs Agreement of Intent for Potential Disposal
Reuters
Dec 05
<a href="https://laohu8.com/S/00306">Kwoon Chung Bus</a> Signs Agreement of Intent for Potential Disposal
Kwoon Chung Bus Holdings Limited has entered into an agreement of intent regarding a potential disposal of certain non-core investments in Mainland China. If completed, the transaction would allow the group to focus on its core business operations in Hong Kong and allocate resources to areas with greater growth potential. The company said this move is part of ongoing efforts to optimize its assets and enhance overall competitiveness in Hong Kong's transportation industry. The board considers the terms of the agreement of intent to be fair and reasonable and believes the potential disposal is in the best interests of the company and its shareholders. The company noted that discussions with a potential purchaser are at a preliminary stage and the disposal may or may not proceed.
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