BRIEF: Debt-heavy AGILE GROUP sells assets to reduce debt
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Debt-laden Agile Group sells assets to reduce debt. Agile Group Holdings Limited stated that its subsidiary New Tao Ecological Technology has agreed to sell multiple fixed assets to Yifeng Huachuang in a cash transaction. These assets include land, factories, equipment, pipeline networks, and construction projects. Agile stated that this sale will help improve its short-term and long-term asset allocation, unlock the full potential of its assets, enhance cash flow, and reduce debt risk. On Friday, Agile's stock opened flat at HKD 0.275, down 62% from its 52-week high
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