Kowloon Development sells Circuit Technology to director

Kowloon Development (0034) announced to sell all the shareholding of Circuit Technology Limited to the company owned by its executive director Ng Anthony for HK$77.9975 mln (circa US$10 mln). Circuit Technology held 48% shareholding of NetThuPut. Why circuit Technology was sold was because the investment and business strategies of circuit Technology and NetThuPut were different, while selling it could bring proceeds of about HK$1.5948 mln.

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