Hao Tian Development (00474) said its non-wholly-owned subsidiary Hao Tian Management (Hong Kong) Limited agreed to sell to an independent third party about 1,738 million shares in China Innovative Finance (00412) at HK$0.297 per share, representing about 9.06% of the issued share capital of China Innovative Finance.
Upon completion, Hao Tian Management (Hong Kong) still holds about 18.26% interests in China Innovative Finance.
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