Digital China Realises RMB203 Million by Trimming Stake in DCITS While Retaining Control
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Digital China Holdings has sold 11,895,200 shares in its subsidiary DCITS, representing 1.22% of DCITS’ share capital, for approximately RMB203 million. This transaction is part of a plan to dispose of up to 2.95% of DCITS while retaining control, allowing the group to realize unrealized gains. The proceeds will be used for business development and working capital, with no gain or loss recognized in the income statement. Digital China retains a 38.70% stake in DCITS, ensuring continued consolidation in financial statements.
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