SINGASIA HLDG (08293) announced that on December 30, 2024 (after trading hours), the buyer SINGASIA...
According to the announcement from SINGASIA HLDG (08293), on December 30, 2024 (after trading hours), the buyer SINGASIA GLOBAL LIMITED (a wholly-owned subsidiary of the company) and the seller entered into an Equity Transfer agreement to purchase 99% of the shares of the target company, Shenzhen Jintouquan Technology Co., Ltd., for a price of 0.08 million Hong Kong dollars. Upon completion of the acquisition, the target company will be 99% Held by the buyer and 1% Held by Mr. Huang (an independent third party of the company and its related persons).
The announcement states that the company believes the acquisition provides a good opportunity for the group to achieve reasonable returns and expand its investment portfolio with quality Assets. By acquiring 99% of the shares of the target company, the company can take over the operational management of the target company and incorporate its financial status into the accounts. The Directors believe that the acquisition will enhance the group's competitiveness, diversify the group's Business, and explore potential opportunities in China in the coming years.
