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Huixin Credit (01577.HK) will hold approximately 99.8% of the equity of Jinjiang Huixin Small Loan.
On June 25, Geely (01577.HK) announced that its non-wholly-owned subsidiary, Huizhixin, had entered into a first share purchase agreement with a seller. According to the agreement, Huizhixin agreed to purchase and the seller agreed to sell one share of the target company, Jinjiang Huixin Small Loans Co., Ltd., representing 0.16% of the total equity, for a price of approximately RMB 560,000. After the trading session on the same day, the company entered into a second share purchase agreement with the seller. According to the agreement, the company agreed to purchase and the seller agreed to sell shares two, representing 22.88% of the total equity of the target company. The second consideration is approximately RMB 82.
Express News | Quanzhou Huixin Micro-Credit - to Buy 22.88% Stake in Jinjiang Huixin Microfinance for RMB82.4 Mln
Express News | Quanzhou Huixin Micro-Credit - Connected Transactions for Acquisitions of Stakes in Jinjiang Huixin Microfinance Co
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