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Sino-life group plans to conduct stock consolidation using a "10 to 1" benchmark.
Sino-life group (08296) announced that the board of directors intends to submit a proposal to the shareholders to make the share consolidation effective. This involves the consolidation of every 10 shares with a par value of HKD0.1 each, both issued and unissued, into 1 share with a par value of HKD1.0 each. As of the date of this announcement, the company's authorized share capital is HKD1 billion, divided into 10 billion shares with a par value of HKD0.1 each, of which 0.945 billion shares of existing shares have been issued and fully paid-up or credited as paid-up. Assuming that no further issuance or repurchase of shares occurs between the date of this announcement and the date of the special general meeting of shareholders, the share consolidation will take effect immediately afterward.
Express News | Sino-Life Group Ltd -Proposed Share Consolidation
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
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