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CB GLOBAL (08026.HK) plans to acquire 51% of the equity of Hong Kong Letu Holdings.
On December 30, Gelonghui reported that CB GLOBAL (08026.HK) announced that on December 30, 2024, the company entered into an agreement with the seller Abundant Victory Group Limited, under which the seller conditionally agreed to sell and the company conditionally agreed to purchase shares representing 51% of the issued share capital of the target company, Hong Kong Letu Holdings Limited, with a maximum total consideration of 5.359 million Hong Kong dollars to be paid through the allotment and issuance of consideration shares. Upon completion, the target company will become a non-wholly-owned subsidiary of the company, and the financial information of the target group will be consolidated into the group.
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