Qingdao Eyes Sale of Construction Wing

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Qingdao Eyes Sale of Construction Wing

MT Newswires Live2024-10-24

Qingdao Holdings International (HKG:0499) is looking to sell its 95% equity stake in Bengbu City Huai Yi Construction and Development held by the former's unit NEQH Development and Construction through a public tender, a Thursday bourse filing said.

Following the completion of the sale, the company will no longer hold any interest in the construction and real estate development firm Bengbu City Huai Yi Construction and Development.

The education equipment producer is considering the potential disposal in order to optimize resources and streamline its structure.

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