Brief: Smart-Core Says Quiksol Shall Be Deconsolidated From Consolidated Financial Statements

Smart-Core Holdings

02/01/2024 01:17

Jan 2 (Reuters) - Smart-Core Holdings Ltd  2166.HK :
    * QUIKSOL GROUP SHALL BE DECONSOLIDATED FROM CONSOLIDATED
FINANCIAL STATEMENTS OF GROUP
    * DIRECTORS ARE OF VIEW THAT GROUP WILL BENEFIT FROM
DECONSOLIDATION BY AVOIDING TO INCUR UNNECESSARY COSTS
    * DECONSOLIDATION DOES NOT INVOLVE ANY CONSIDERATION, NOR
CHANGE
IN SHAREHOLDING IN QUIKSOL HK
    * DECONSOLIDATION HOWEVER ARE NOT EXPECTED TO RESULT IN ANY
MATERIAL CHANGES TO GROUP'S EQUITY ATTRIBUTABLE AND PROFIT
ATTRIBUTABLE
    * IT IS EXPECTED THAT REVENUE OF GROUP WILL BE DECREASED
AFTER
DECONSOLIDATION

Source text for Eikon:  ID:nHKS2Q2Qw0 
Further company coverage:  2166.HK 

 ((Reuters.Briefs@thomsonreuters.com;))