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Acquisition Announcement.pdf

2023112100995.pdf

🔗 Source: chongkin.com.hk

📊 Size: 921 KB

📄 Pages: 30 pages

⬇️ Downloads: 108

Summary

Chong Kin Group Holdings Limited announces a very substantial acquisition and connected transaction to acquire 59% of Guangzhou Xiangjing Cemetery Company Limited for HK$142,407,107, partly in cash and partly by assigning a loan to the vendor. The target company is engaged in burial services in Guangzhou, China, and recorded unaudited net profits of approximately RMB36.9-39.0 million in recent years. The acquisition constitutes a reverse takeover and is subject to approval by the Listing Committee and independent shareholders. A circular containing details of the acquisition and financial information will be dispatched to shareholders on or before March 15, 2024. Trading in the company's shares remains suspended until further notice.

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Description

Chong Kin Group Holdings Limited announces a very substantial acquisition and connected transaction to acquire 59% of Guangzhou Xiangjing Cemetery Company...

Technical Information

File Format: PDF
File Size: 921 KB
Pages: 30
Language: EN
Total Downloads: 108
Last Updated: 1 week ago

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