Zhitong Financial APP News, Oceanwide Group (00129) announced that on July 18, 2023, Techfull Properties Corp, an indirect wholly-owned subsidiary of Oceanwide International. Sell its interest in a number of 7.5% Pearl River bills in January 2026 on the open market with a total face value of 10 million yuan and a consideration of about 10.8 million yuan.
The Asia Pacific Group and Asia Standard International Group are expected to record combined losses before tax and non-controlling interests of approximately HK $200000 and approximately HK $200000 respectively in the current financial year as a result of the sale.