CCT FORTIS (00138) intends to sell the entire shareholding of Cosmo Classic Limited for approximately HK$5.58 million.
China State Construction Financial Holdings Limited (00138) released an announcement that on July 25, 2025 (after trading hours), the seller East...
CCT FORTIS (00138) issued an announcement on July 25, 2025 (after trading hours) stating that the seller, East Advance Holdings Limited (a wholly-owned subsidiary), has entered into a sale and purchase agreement with the buyer, Cheer Fame International Limited. According to the agreement, the seller agrees to sell and the buyer agrees to purchase the target company Cosmo Classic Limited's entire shareholding at a price of HK$5.58 million.
The announcement stated that the sale is part of the group's strategic plan to simplify the organizational structure and streamline business operations in order to focus resources on developing the core business of importing and selling branded cars.
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