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Sino-life Group is planning to acquire approximately 19.46% equity in Guangdong Yinhe.
Sino-life Group (08296) announced on July 29, 2024 that the company and Zhongke Xunda (a wholly-owned subsidiary of the company) have entered into an equity transfer agreement with Nanyue Assets. According to the equity transfer agreement, the company and Zhongke Xunda conditionally agreed to acquire Nanyue Assets' Guangdong Yinwei Jiaozu (equivalent to approximately 19.46% equity of Guangdong Yinwei) with a maximum price of RMB 10.8 million, and will pay through issuing convertible bonds to Nanyue Assets or its nominee in accordance with special authorization. After the completion of the equity transfer agreement, Zhongke Xunda will hold approximately 19.46% of Guangdong Yinwei.
Sino-Life Group (08296.HK) plans to acquire Guangdong Yinwei's approximately 19.46% equity for no more than 10.8 million yuan.
Sino-Life Group (08296.HK) announced on July 29 that it had entered into an equity transfer agreement with Nan Yue Asset in July 2024. Under the equity transfer agreement, the company and subsidiary, Zhongke Xunda, conditionally agreed to purchase Nan Yue Asset's equity, Guangdong Yinwei, for a maximum price of RMB 10.8 million, which is equivalent to 19.46% equity of Guangdong Yinwei. Payment will be made through issuing convertible bonds to Nan Yue Asset or its representative according to a special authorization. After the equity transfer agreement is completed, Zhongke Xunda will hold Guangdong Yinwei's equity.
Express News | Sino-Life Group Ltd - Deal for RMB10.8 Mln
Express News | Sino-Life Group Ltd - Acquisition of Approximately 19.46% Equity Interest in Guangdong Yinwei
Risks Still Elevated At These Prices As Sino-Life Group Limited (HKG:8296) Shares Dive 27%
Sino-Life Group (08296) has completed the allocation of 60 million shares of placement shares.
Zhicheng Finance and Economics APP News, Sino-Life Group (08296) announced that it has completed the subscription of 60 million shares of subscription shares at a subscription price of HKD 0.1 per share on June 14, 2024. The net proceeds are approximately HKD 5.7 million, which will be used to supplement general operating capital to ensure sufficient liquidity for the group's operations in Hong Kong.
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