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E-Commodities Holdings to Acquire 200% Interest in Coal Mining Services Company
E-commodities plans to acquire 70% equity of Five Hills Investment Limited for 77.9 million US dollars.
E-commodities (01733) announced that on August 8, 2024, the company plans to acquire 70% of the issued share capital of the target company (Five Hills Investment Limited) from the seller, Seven Rocks Investment Limited, for a cash consideration of USD 77.9 million. The target company is mainly engaged in coal mine development services through its subsidiaries. After the completion of the acquisition, the target company will become a wholly-owned subsidiary of the company.
E-Commodities (01733) plans to acquire a 70% stake in Five Hills Investment Limited for $77.9 million.
E-commodities (01733) announced that on August 8, 2024, the company plans to acquire shares in Seven Roc from the seller...
E-commodities (01733.HK) plans to acquire 70% equity of Five Hills Investment for $77.9 million.
On August 8th, Glorious announced that on August 8th, 2024, the company entered into a purchase agreement with seller Seven Rocks Investment Limited. According to the agreement, the company agreed to acquire and the seller agreed to sell the shares (70% of the issued share capital of target company Five Hills Investment Limited) for a cash consideration of $77.9 million. After the completion of the acquisition, the target company will become a wholly-owned subsidiary of the company. The target company is a company registered in the British Virgin Islands.
Express News | E-Commodities Holdings Ltd - Deal for US$77.9 Mln
Express News | E-Commodities Holdings Ltd - Acquisition of 70% of Issued Share Capital of Five Hills Investment
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