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Fullshare to Sell Back 24% Stake in Sparrow Early Learning for AU$20 Million
Fullshare (00607.HK) plans to sell off its education business and realize 20 million Australian dollars.
Fullshare (00607.HK) announced that it may completely sell its Australian education business - Sparrow Early Learning, holding 24.01% of the shares, at a maximum price of 20 million Australian dollars (approximately 95.35 million RMB). The estimated proceeds from the sale are about 35.69 million RMB.
Fullshare Holdings Mulls Equity Sale to Sparrow
fullshare (00607.HK) plans to sell approximately 24.01% equity of Sparrow Early Learning.
Glory Times reports on October 15th, Fullshare Holdings (00607.HK) announced that on October 15, 2024, the company's wholly-owned subsidiary Five Seasons XIX entered into agreements with Sparrow Early Learning and Sparrow Holdings, whereby Five Seasons XIX conditionally agreed to sell approximately 24.01% of the equity of Sparrow Early Learning to Sparrow Early Learning.
FULLSHARE: Interim Report 2024
Fullshare Holdings (00607.HK) reported a net loss of approximately 1.527 billion yuan for the first half of the year after tax.
On August 30th, Fullshare Holdings (00607.HK) announced that in the mid-year of 2024, the group's revenue decreased by approximately 876,344,000 yuan or 8% to about 10,675,171,000 yuan compared to the same period. The gross margin decreased from 16% in the same period of 2023 to 13% in the review period. During the review period, the group recorded a net loss of approximately 1,526,940,000 yuan, while in the same period of 2023, the group recorded a net profit of approximately 170,012,000 yuan after tax. The loss in the review period is mainly due to the operating profit from the new energy sector.
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