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MAN SANG INT'L (00938.HK) plans to sell all shares of Yuen Nian Investment.
On February 6, Glonghui announced that MAN SANG INT'L (00938.HK) had entered into a sales agreement on February 6, 2025, wherein the company (as the seller) agreed to sell and the buyer (as the purchaser), the holder of the promissory notes, and the guarantor entered the agreement. According to this agreement, (i) the company conditionally agreed to sell, and the buyer conditionally agreed to acquire all of the issued share capital of the target company, Yuenian Investment Limited; and (ii) the company conditionally agreed to assign and the buyer conditionally agreed to accept the assignment of the sales loan. As of the date of the sales agreement, the total sales loan amounted to approximately HKD 358.7 million. The target company is incorporated under the laws of the British Virgin Islands.
Express News | Man Sang International - Aggregate Amount of Sale Loan HK$358.7 Mln
Express News | Man Sang International - Proposed Disposal of Entire Stake of Gloryear Investments and Assignment of Sale Loan
MAN SANG INT'L (00938.HK): Yuan Haibo resigns as Independent Non-Executive Director.
According to an announcement from Gelonghui on January 10, MAN SANG INT'L (00938.HK) stated that Yuan Haibo has resigned as an independent non-executive Director, member of the Audit Committee, member of the Nomination Committee, and member of the Remuneration Committee due to Other work arrangements, effective January 10, 2025.
Express News | Man Sang International Ltd - Received a Judgment From Chongqing Supreme Court in Respect of Legal Proceedings
MAN SANG INT'L: 2024 Interim Report