Summary by Moomoo AI
On July 31, 2024, Capital Realm announced that it had signed an acquisition agreement with Guoxin Dasin (Shenzhen) Industrial Development Group Co. (Guoxin seller) to acquire 21.875% of Guoxin target company's equity for HKD 70 million. The transaction will be paid through the issuance of Guoxin consideration shares and will be completed after approval at the shareholder special general meeting. After the acquisition is completed, Capital Realm will indirectly hold 7% of Guoxin operating company's equity through Guoxin target company. Guoxin operating company mainly provides online platform and digital services in mainland China. The price of this acquisition is based on Guoxin operating company's financial condition, profit guarantee, and business prospects. The seller also provided profit guarantees until 2025 and corresponding compensation arrangements...Show More