Beijing Enterprises Completes Strategic Acquisition

Beijing Enterprises Urban Resources Group Ltd. (HK:3718) has released an update.

Beijing Enterprises Urban Resources Group Ltd has announced the successful acquisition of a Target Company following the exercise of an Exchangeable Bond. The transaction, valued at HK$14,671,000, transforms the acquired entity into an indirect non-wholly owned subsidiary, integrating its financial results into the Group’s statements. This strategic move, exempt from shareholder approval, is expected to further the Group’s reach in environmental hygiene services in Hong Kong.

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