Manshing Global (08309) announced that on September 25, 2024, buyer Johnson Holdings (0195...
According to the Zhuo Chen Holdings (01955) and the seller (each a direct wholly-owned subsidiary of a company) signing a total of 36 purchase agreements, the seller agreed to sell, and the buyer agreed to purchase the vehicles at a total price of 7.496 million Hong Kong dollars.
The sale will bring immediate cash of 5.873 million Hong Kong dollars to the group, and strengthen the group's working capital. The directors (including independent non-executive directors) believe that the terms of the purchase agreements are fair and reasonable, and are in the overall interest of the company and its shareholders. No director has any interests in any purchase agreements, nor is there any director required to abstain from voting on any board resolutions approving the purchase agreements and the proposed transactions thereunder.
