Easyknit Acquires Stake in Pacific Legend

Easyknit International Holdings Ltd (HK:1218) has released an update.

Easyknit International Holdings Ltd has announced a significant investment in Pacific Legend Group, subscribing to 18,580,000 shares for approximately HK$3,066,000, which will result in a 6.86% ownership stake upon completion. This strategic move, settled in cash from the group’s internal resources, aligns with Easyknit’s business focus in property and securities investment, and aligns with their expansion into the home furniture and accessories sector. The subscription is classified as a discloseable transaction, meeting the reporting requirements of the Hong Kong Stock Exchange Listing Rules.

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