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gilston group (02011.HK) intends to subscribe to 90% of the capital of Shenzhen Jiajinlong Industrial Development.
On September 30, Gilston Group (02011.HK) announced that on September 30, 2024, Shenzhen Erui (a wholly-owned subsidiary indirectly owned by the company), the original shareholder, and the target company Shenzhen Jialinlong Industrial Development Co., Ltd. signed a share subscription agreement. According to this agreement, Shenzhen Erui conditionally agreed to subscribe to the target company for RMB 9 million as the consideration for RMB 9 million of registered capital (accounting for 90% of the target company's enlarged registered capital upon completion). The target company has obtained the right to use from Pingnan Railroads Company during the period from January 1, 2023 to December 31, 2023 according to the lease agreement.
Express News | Gilston Group - Unit to Subscribe for Registered Capital of Shenzhen Jiajinlong Industrial Development for RMB9 Mln
Express News | Gilston Group Ltd - Share Subscription Agreement
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