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Auto Italia Holdings Acquires EV Exporter to Europe
Auto Italia Holdings Changes Share Registrar
Auto Italia Arm to Acquire Hudson for HK$165.9 Million
AUTO ITALIA: INTERIM REPORT 2024
Auto Italia (00720.HK) plans to acquire the entire equity of Hudson Holding for 0.166 billion Hong Kong dollars.
Auto Italia Holdings (00720.HK) announced on September 11, 2024 that the buyer (a wholly-owned subsidiary of the company) has entered into a sales and purchase agreement with the seller regarding the acquisition. According to the agreement, the buyer conditionally agrees to acquire, while the seller conditionally agrees to sell the shares for sale (i.e. all the issued share capital of Hudson Holding Limited, the target company) for a consideration of 0.166 billion Hong Kong dollars, to be settled through the issuance and distribution of consideration shares and the issuance of acceptance bills. The consideration shares of 0.8 billion shares are equivalent to (i) approximately 15.1 billion shares of the company's issued share capital as of the date of this announcement.
Express News | Auto Italia - Deal for HK$165.9 Mln
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