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Changes in Hong Kong stocks | Continental Airlines Technology Holdings (00232) sold nearly 4% of its engine business and was approved by Germany, and some conditions have yet to be met
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According to the news, China Airlines Technology Holdings (00232) opened nearly 4% higher. As of press release, it rose 3.61% to HK$0.43, with a turnover of HK$11.9557 million.

According to the news, China Airlines Technology Holdings announced that on July 22, the company obtained approval from the German Federal Ministry of Economic Affairs and Energy to sell all of Motto Investment Limited's issued share capital. There are also a number of preconditions to be met or waived on or before the delivery date. Proposals may not necessarily be completed or effective, and shareholders should be careful when trading shares.

According to reports, China Airlines Technology Holdings announced in June this year that it has agreed to sell the entire issued share capital of its wholly-owned subsidiary Motto Investment Limited. The target group mainly operates the general aviation aircraft piston engine business, and the estimated sale price is between 500 million US dollars and 520 million US dollars. The board of directors recommended that all of the sale price be distributed as a special dividend on the sale, and that an application be made to withdraw the listing status of its shares after delivery.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
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