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Sinomax Group Announces Major Share Acquisition
Sinomax Group intends to subscribe for 45% equity of M DK Holdings ApS to strengthen the established business relationship.
Sinomax Group (01418) announced that on October 14, 2024, the subscriber (a wholly-owned subsidiary of the company), M Logistical, and the target company M DK Holdings ApS entered into a subscription agreement. The target company agreed to issue shares and the subscriber agreed to subscribe for the shares at a price of 6 million euros (equivalent to approximately 50.99 million Hong Kong dollars). The subscription price for the subscribed shares is 146.67 euros per share (equivalent to about 1,246.48 Hong Kong dollars) each. After completion, the target company will be owned respectively by M Logistical and the subscriber.
sinomax group (01418) intends to subscribe for 45% equity interest of M DK Holdings ApS to strengthen the established business relationship.
Sinomax Group (01418) announced that on October 14, 2024, the subscriber (a wholly-owned subsidiary of the company...
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