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After the Recent Decline, 7Road Holdings Limited (HKG:797) Top Key Executive Shuqi Meng's Holdings Have Lost 20% of Their Value
7Road Units to Acquire Smart Travel Platform Investor
7Road Holdings Expands With Strategic Acquisition
7ROAD (00797.HK) plans to acquire all equity of Shanghai Lingsuda Technology for 0.122 billion yuan.
On December 23, the company Glorious announced that on December 23, 2024, the buyer Wuxi Qidao Yunrui and Wuxi 7ROAD Technology (a wholly-owned subsidiary of the company) signed agreements with the sellers Beihai Hexi and Wuxi Feiye. According to these agreements, the buyer agreed to acquire and the seller agreed to sell all partnership interests of Shanghai Lingxuda Technology Partnership (Limited Partnership), with a total price of 0.122 billion yuan. After this acquisition is completed, the partnership will become a wholly-owned subsidiary of the company, and Wuxi 7ROAD Technology still needs to inject 9,850,000 yuan into the partnership.
Express News | 7Road Holdings - to Acquire Entire Partnership Interest in Shanghai Lingsuda Technology for RMB122.3 Mln
7Road Holdings (HKG:797 Investor Five-year Losses Grow to 60% as the Stock Sheds HK$413m This Past Week
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