Summary by Moomoo AI
Tan International Limited (stock code: 2217) announced that its indirectly wholly-owned subsidiary has entered into a purchase agreement with controlling shareholder Edoardo Hong Kong to acquire all the shares of Hong Kong Marutaki Seimen after the trading session on November 8, 2024, for a transaction price of 4.1 million Hong Kong dollars. In addition, the buyer will repay shareholder loans on behalf of Hong Kong Marutaki Seimen of approximately 8.4 million Hong Kong dollars. Edoardo Hong Kong is the controlling shareholder of the Company, holding approximately 74.26% equity, hence this transaction constitutes a connected transaction. According to Chapter 14A of the Listing Rules, this transaction must comply with the declaration and announcement requirements, but is exempt from the requirements of circulars, independent financial advice, and independent...Show More