FLJ Group Reveals Disposal Of Long-term Apartment Rental Business; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
FLJ Group has announced the sale of its long-term apartment rental business. The company has entered into an equity transfer agreement to sell all of its equity interest in its wholly-owned subsidiary Haoju (Shanghai) Artificial Intelligence Technology Co., Ltd. to Wangxiancai Limited.
October 31, 2023 | 10:03 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
FLJ Group's decision to sell its long-term apartment rental business could potentially streamline its operations and focus on its core businesses. The impact on the stock price will depend on the financial terms of the deal, which were not disclosed.
The sale of a business unit can have various impacts on a company's stock price. It could be positive if the market perceives the move as a strategic decision to focus on more profitable or core businesses. However, without the financial terms of the deal, it's difficult to predict the exact impact on FLJ's stock price.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 100