Jakota Capital Sells Entire Stake in Trade Region Limited Amid Fur Business Exit

Reuters11-06
Jakota Capital Sells Entire Stake in Trade Region Limited Amid Fur Business Exit

Jakota Capital (Holding) Group, formerly known as Kingkey Financial International (Holdings) Ltd., has provided a supplemental announcement regarding the disposal of its entire issued share capital of Trade Region Limited. The company explained that ongoing financial losses from the Danish government's prohibition on the Fur Business have made it unsustainable to continue operating that segment. Following the completion of the disposal, the company confirmed it has no intention to continue the Fur Business. Jakota Capital clarified that, aside from the Fur Business, it does not plan to downsize, cease operations, or sell any of its other existing businesses.

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