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KATO (HK) HLDGS (02189.HK) intends to acquire 100% of the shares of Concord Elderly Home (Tsuen Wan) for 2 million Hong Kong dollars.
On December 16, KATO (HK) HLDGS (02189.HK) announced that on December 16, 2024, the buyer (a wholly-owned subsidiary of the company) entered into a sales and purchase agreement with the seller, under which the buyer conditionally agreed to acquire and the seller agreed to sell the shares (i.e., the entire issued share capital of the target company, Concord Nursing Home (Tsuen Wan) Limited), along with the license, at a price of 2,000,000 Hong Kong dollars. The target company is a limited company registered in Hong Kong, primarily engaged in the management and operation of properties, with the property being an elderly home located in Tsuen Wan, Hong Kong. Despite the target company's situation as of December 2024.
Express News | Kato (Hong Kong) - Acquisition of Hong Tak Home for the Elderly (Tsuen Wan) for HK$2 Mln
KATO (HK) HLDGS (02189.HK): Wang Junjie has been appointed as an Independent Non-executive Director.
Gelonghui reported on December 13 that KATO (HK) HLDGS (02189.HK) announced that, effective December 13, 2024: (1) Wang Xianzhi has resigned as an independent non-executive Director, and will no longer serve as Chair of the Nomination Committee and the Remuneration Committee as well as a member of the Audit Committee; (2) Wang Junjie has been appointed as an independent non-executive Director and a member of the Audit Committee; (3) Ke Yanfeng has been transferred from a member of the Remuneration Committee to Chair; and (4) Hu Yingfang has been appointed as Chair of the Nomination Committee and a member of the Remuneration Committee.
KATO (HK) HLDGS: 2024 Interim Report
KATO (HK) HLDGS: SUPPLEMENTAL ANNOUNCEMENT IN RELATION TO THE ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
Kato (Hong Kong) Holdings Renews Tenancy Agreements With Controlling Shareholders
We Think That There Are More Issues For Kato (Hong Kong) Holdings (HKG:2189) Than Just Sluggish Earnings
