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Rykadan Capital's Subsidiary Acquires Property Holding Company From Chairman
rykadan capital (02288.HK) plans to acquire 100% equity of a property holding company for HKD 56.084 million.
On July 23, Gelunhui announced that Rykadan Capital (02288.HK) signed an agreement with RH Seller (Chen Weilun, Wu Meishan) through RH Buyer Worth Celestial Limited (a wholly-owned subsidiary of the company) for the RH Property Company on July 23, 2024. As a result, RH Seller has conditionally agreed to sell the RH for-sale shares and RH Seller 1 has conditionally agreed to transfer the RH for-sale loans, while RH Buyer has conditionally agreed to purchase the RH for-sale shares and take over the transfer of the RH for-sale loans without any property burden, with an initial price of 56.084 million.
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