CHINA CBS INTL (00989) completes the major transaction concerning the sale of all shares of the target company.

18:48 31/03/2026

China Changbai Mountain International (00989) announced the sale of all shares of Changchun Zhuojia, Baishan Guangze Real Estate, Baishan Guangze Commercial Management, and Yanji Huize Real Estate. All the conditions outlined in the agreement have been met, and the sale was completed on March 31, 2026, according to the terms and conditions of the agreement. Following the completion of the sale and as of the date of this announcement, the target companies are no longer subsidiaries of the company, and their financial performance will no longer be consolidated into the financial statements of the group.

CHINA CBS INTL (00989) announced the sale of all equity interests in Changchun Zhujia, Baishan Guangze Real Estate, Baishan Guangze Commercial Management, and Yanji Huize Real Estate. All the conditions precedent stipulated in the agreement have been fulfilled, and the sale was completed on March 31, 2026, in accordance with the terms and conditions of the agreement. Following the completion of the sale and as of the date of this announcement, the target companies are no longer subsidiaries of the company, and their financial performance will no longer be consolidated into the financial statements of the group.

TYCOON GROUP (03390) released its annual performance, with a net profit attributable to shareholders of HK$15.67 million, representing an increase of 383.64% year-on-year.

China Securities Co., Ltd. (06066) has elected Dong Hongfu as a non-executive director.

VANKE OVERSEAS (01036) released its annual performance results, with a revenue of 597 million Hong Kong dollars. The company will continue to focus on quality investment opportunities.

TYCOON GROUP (03390) released its annual performance, with a net profit attributable to shareholders of HK$15.67 million, representing an increase of 383.64% year-on-year.

China Securities Co., Ltd. (06066) has elected Dong Hongfu as a non-executive director.

VANKE OVERSEAS (01036) released its annual performance results, with a revenue of 597 million Hong Kong dollars. The company will continue to focus on quality investment opportunities.