Summary by Moomoo AI
TONGDA GROUP COMPLETED A VERY SIGNIFICANT SALE ON APRIL 3, 2024, WHICH INVOLVES THE SELLER SELLING ALL SHARES OF THE TARGET COMPANY. The completion of this transaction results in the Target Group no longer being a subsidiary of the Access Group and its financial results will no longer be included in the comprehensive financial statements of the Access Group. The sale was previously announced on 22 December 2023 and was finally approved by means of a circular on 20 February 2024 and finally approved at the special general meeting on 8 March 2024. Upon completion of the transaction, Tongda Group Chairman of the Board of Directors Wang Yanan announced that the company will no longer hold any shares in the target company.