BetterLife Holding’s Major Acquisition of Creditor’s Rights

BetterLife Holding Limited (HK:6909) has released an update.

BetterLife Holding Limited’s Beijing BetterLife Group has successfully acquired creditor’s rights from Mengshang Bank, including equity interests in Jiguang Xinghui and Jiguang Real Estate, after winning a public bid. This acquisition, valued at approximately RMB965 million, involves assets pledged as collateral, including a Mercedes-Benz dealership. The deal awaits shareholder approval and is subject to certain conditions under the Hong Kong Stock Exchange rules.

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