Pavillon Holdings Transfers Lingbao Gold Asset Between Subsidiaries

MT Newswires09-05

Pavillon Holdings (SGX:596), an investment holding company, has transferred financial assets from its unit, Tianjin Lanting Leasing to Shanghai Yiwen Information and Technology, another unit, according to a Wednesday filing on the Singapore Exchange.

The transfer involves 10 million unquoted shares in Lingbao Gold (HKG:3330), valued at 19.3 million yuan.

Pavillon holds a 75.98% stake in Tianjin Lanting and fully owns Shanghai Yiwen. The transfer aims to streamline management and improve oversight of these assets.

The transaction, based on an independent valuation, is not expected to significantly impact Pavillon's net tangible assets or earnings per share for the financial year ending Dec 31, 2024.

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