China Apex Group Ltd. (HK:2011) has released an update.
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China Apex Group Ltd. has announced a significant investment through its subsidiary, Shenzhen Errui, which has conditionally agreed to acquire a 90% stake in an unnamed target company for RMB9,000,000. This deal is classified as a very substantial acquisition according to listing rules, necessitating shareholder approval and additional disclosure. The company is also extending its management agreement for Jiajinlong Car City, which has bolstered its financial performance through stable income and cash flow.
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