According to the Zhitong Finance and Economics APP, CBK Holdings (08428) announced that on October 14, 2024, the seller (a wholly-owned subsidiary of the company, Must-Have Global Limited) plans to sell 100% of the issued share capital of the target company (JunTian Enterprise Limited) to Mr. Chen Zan Le at a price of 1 Hong Kong dollar.

Considering the target group is no longer active, the directors believe that the sale will allow them to focus more on the active restaurant operations and save on the maintenance costs of inactive companies.