New World CyberBase sells online dealing payment business to New World Developme

New World CyberBase (0276) announced to sell the shareholding of the company engaging in online dealing payment service business to its leading shareholder New World Development (0017) for HK$15.6 mln (circa US$2 mln). The sold wholly owned subsidiaries of New World CyberBase were Bostar and Hitech and the main assets of these two companies were 9.009% and 36.4% shareholding of HiTrust (BVI) and HiTrust (HK). HiTrust (BVI) and HiTrust (HK) were mainly engaged in providing the services of security audit, e-commerce infrastructure and online dealing payment services.

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