WESTCHINACEMENT (02233) Plans Divestment of Certain China-Based Assets

Stock News03-13

WESTCHINACEMENT (02233) has announced that it is currently engaged in preliminary discussions with potential buyers regarding the sale of certain assets of the group located in China. The purpose of this potential divestment is to further optimize the company's investment structure, reduce its debt ratio, save on interest costs, allocate resources more effectively, strengthen strategic focus on key development areas, promote the group's expansion and deepening in overseas markets, and enhance the group's overall operational efficiency and long-term competitiveness. As of the date of this announcement, the potential sale is only in the preliminary discussion and due diligence stage. The group has not entered into any legally binding or formal agreements, and the key terms of the potential sale have not been finalized by the involved parties.

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