CHINASILVER TEC (00515) announced that on December 27, 2024, its wholly-owned subsidiary Asia Vets Southern Network Group Co., Ltd. (the subsidiary of the listed company) entered into a joint venture agreement with Mr. Zhu Jianming and The Pacific Life Sciences Brand Management Co., Ltd. (the joint venture company), which concerns the subsidiary's proposal to subscribe for newly issued shares (accounting for 51% of the expanded total issued share capital of the joint venture company), with a total subscription price of 0.51 million Hong Kong dollars.
It is reported that the joint venture company intends to primarily engage in consumer goods trade and E-Commerce, and prior to the subscription, the entire issued share capital of the joint venture company was wholly, legally, and beneficially owned by Mr. Zhu Jianming.
