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FAR International Holdings Group Signs MoU for Proposed Fason Investment Stake Acquisition
Panyang International (02516.HK) signed a memorandum of understanding, planning to acquire 60% of Kuaishun Investment's equity.
On March 8th, Gelonghui reports that Pan Yuan International (02516.HK) announced that on March 7, 2025, the company (as a potential buyer), Shunchang Kuaida Holdings Limited (as a potential seller), and Kuai Shun Investment Limited (as the target company) signed a non-binding memorandum of understanding regarding the company's proposal to acquire no less than 60% of the equity of the target company, which is currently 100% owned by the potential seller. According to the memorandum of understanding, a deposit of 1.5 million Hong Kong dollars should be paid to the potential seller within 15 calendar days after signing the memorandum of understanding. If the proposed acquisition is completed, the deposit will constitute the company's investment in the target company.
Fanyu International (02516) plans to acquire no less than 60% equity of Kuaishun Investment.
Pan Yuan International (02516) announced that on March 7, 2025 (after trading hours), the company (as the potential buyer), Shunchang Kuaida Holdings Limited (as the potential seller) ("potential seller") and Kuaishun Investment Limited (as the target company) ("target company") (collectively referred to as "contracting parties") entered into a non-binding memorandum of understanding regarding the company's proposal to acquire not less than 60% equity in the target company (currently 100% held by the potential seller).
Express News | Far International - to Pay HK$1.5 Mln Deposit for Proposed Acquisition
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