51 Credit Card Inc. Completes Sale of China Netcom Shares, Ceases Association

Reuters07-15

<a href="https://laohu8.com/S/02051">51 Credit Card</a> Inc. Completes Sale of China Netcom Shares, Ceases Association

51 Credit Card Inc. has announced the completion of a transaction involving the disposal of shares in its subsidiary, China Netcom, under a Share Sale and Purchase Agreement. The transaction was finalized on July 15, 2025, with 1,358,954,030 shares, representing approximately 29.00% of China Netcom's total issued share capital, being transferred to Purchaser A. Following this completion, 51 Credit Card Inc. no longer holds any interest in China Netcom, which will cease to be an associate of the company. The announcement was made by 51 Credit Card Inc., with Chairman and CEO Sun Haitao endorsing the transaction.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 51 Credit Card Inc. published the original content used to generate this news brief on July 15, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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The transaction was finalized on July 15, 2025, with 1,358,954,030 shares, representing approximately 29.00% of China Netcom's total issued share capital, being transferred to Purchaser A. Following this completion, 51 Credit Card Inc. no longer holds any interest in China Netcom, which will cease to be an associate of the company. The announcement was made by 51 Credit Card Inc., with Chairman and CEO Sun Haitao endorsing the transaction.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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