董事认为，收购事项为公司扩展及多元化其业务组合的正面投资机会。董事会注意到，中国公司于过去两个财政年度取得稳定收入及溢利。与集团的家具业务不同，中国公司的畜牧业务获中国食品稳定需求支持，受COVID-19的影响较少。董事会预期，中国经济从COVID-19中复苏亦将有利于中国公司的业务。鉴于中国公司的业务前景，相信随着中国公司的业务进一步发展，于中国公司的投资将为集团带来稳定及额外收入来源。同时，倘中国公司未能达到预期盈利水平，卖方提供的溢利保证及其购回责任可保障集团的利益。PACIFIC LEGEND (08547) announced that on September 23, 2024, the company wholly owned...
According to the financial news app, PACIFIC LEGEND (08547) announced that on September 23, 2024, the company's wholly-owned subsidiary JF (Greater Bay) Group Company Limited intends to acquire an additional 40% equity interest in Hong Kong Taichin Ecological Agriculture Development Co., Ltd. from Yin Jinying for 4.5 million Hong Kong dollars, of which 4.0215 million Hong Kong dollars will be paid in cash, and 0.4785 million Hong Kong dollars will be issued by the company to the seller at the issue price to offset payment, with the issue price of each share being 0.165 Hong Kong dollars.
As of the date of this announcement and upon completion, the target company is held 60% by the seller and 40% by the buyer; China company (Huizhou Taichin Ecological Agriculture Development Co., Ltd.) is held 50% by the target company and 50% by independent third parties. The China company is mainly engaged in animal husbandry.
The directors believe that the acquisition provides a positive investment opportunity for the company to expand and diversify its business portfolio. The board of directors noted that the China company has achieved stable income and profits in the past two financial years. Unlike the group's furniture business, China company's animal husbandry business is supported by stable demand for China foods and is less affected by COVID-19. The board of directors expects the recovery of the Chinese economy from COVID-19 to also benefit the China company's business. Given the business prospects of the China company, it is believed that as the China company's business further develops, the investment in the China company will bring stable and additional sources of income to the group. At the same time, if the China company fails to achieve the expected profit level, the seller's profit guarantee and buyback responsibility can ensure the interests of the group.
