Colour Life to Cease Being Fantasia Subsidiary Under Conditional Share Restructuring
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Colour Life Services Group Co. announced that it will cease being a subsidiary of Fantasia Holdings Group due to a restructuring agreement. Fantasia will sell approximately 21.97% of Colour Life's shares to Splendid Fortune, with another 10% going to an entity designated by TFISF. Fantasia will retain about 9.98%. The completion of this deal is contingent on shareholder approval and other conditions. Investors are advised to be cautious while trading Colour Life's securities. The current analyst rating for Colour Life is a Hold with a price target of HK$0.17.
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