Summary by Moomoo AI
Kinetic Development Group Limited ("the Company") has completed an important acquisition trade on June 3, 2024. According to the Company's previous announcement on December 1, 2023, December 12, 2023, February 7, 2024, and the letter on February 21, 2024, the transfer registration procedures of the target shares involved in this trade have been completed, making Taiyuan Hetai an indirect wholly-owned subsidiary of the Group. The Board of Directors of the Company includes three executive directors, one non-executive director, and three independent non-executive directors.