SHIFANG HOLDING LIMITED ShiFang Holding Limited (SEHK:1831) signed an equity transfer agreement to sell Greatest Ocean Limited and Hong Hing To Publishing Limited for CNY 0.01 million on December 24, 2015. Greatest Ocean Limited and Hong Hing To Publishing Limited had net loss of CNY 0.09 million during the year ended December 31, 2014. The transaction was approved by Board of Directors of ShiFang Holding Limited.
The expected gain to ShiFang Holding Limited from the transaction will be approximately CNY 3368. The net proceeds from the transaction is estimated to be CNY 0.01 million which will be used as the ShiFang Holding Limited liquid Capital.
