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Yutai Zhongcai Holdings (00555) announced that it had entered into a non-legally binding letter of intent with a potential acquirer, the total consideration of an operational entity that could sell the billing activities of China being 105 million RMB.
Currently, the Company is indirectly owned 50% by the Group and interested buyers.
The Directors consider that if the Sale is completed, it will not have a significant impact on the overall activities of the Company and should improve the Group's financial position, which will continue to grow. 39; operate the activity of printing and distribution of invoices.
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