BetterLife Holding Limited (HK:6909) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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.
For further insights into HK:6909 stock, check out TipRanks’ Stock Analysis page.