China Greenland Broad Greenstate Expands with Strategic Acquisition

China Greenland Broad Greenstate Group Company Limited (HK:1253) has released an update.

China Greenland Broad Greenstate Group Company Limited is set to expand its holdings by acquiring a 51% stake in a Target Company, valued at RMB 20.4 million, through the issuance of new shares. This strategic move will make the Target Company a non-wholly-owned subsidiary, consolidating its financial results with the group. The acquisition, which involves issuing shares under a General Mandate, is subject to certain conditions but offers potential growth opportunities for the company.

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