HK Stock Market Move | WESTCHINACEMENT(02233) opened nearly 5% higher. Currently, the group is in preliminary discussions with potential buyers for the sale of several assets located in China.

WESTCHINACEMENT (02233) opened nearly 5% higher, rising 4.85% to HKD 2.38 as of the time of publication with a trading volume of HKD 2.9084 million. On the news front, on March 13, WESTCHINACEMENT announced that it is currently in preliminary discussions with potential buyers regarding the sale of certain assets in China in order to further optimize the company's investment structure, reduce debt ratio, save interest costs, allocate resources more effectively, strengthen strategic focus on key development areas, promote the expansion and deepening of the group in overseas markets, and enhance the overall operational efficiency and long-term competitiveness of the group. As of the date of this announcement, the potential sale is still in the preliminary discussion and due diligence stage. The group has not entered into any legally binding agreements or formal agreements, and the parties have not yet finalized any key terms regarding the potential sale.