Renco Holdings to Sell Fund-Holding Unit

MT Newswires Live06-13

Renco Holdings Group (HKG:2323) will sell the entire equity interest in Delightful Time to Fullenter for HK$2 million, a Wednesday filing on the Hong Kong bourse said.

The target companyâs principal assets include all rights related to several funds together with certain distressed assets.

The sale will allow the printed circuit board manufacturer to realize the distressed assets and restore its financial position.

Shares of the printed circuit board manufacturer closed 21% higher on Thursday.

Price (HKD): $0.03, Change: $+0.01, Percent Change: +21.43%

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