GoFintech Innovation Limited (HK:0290) has released an update.
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GoFintech Innovation Limited has announced a significant acquisition involving the purchase of shares in a target company listed on the stock exchange, which will increase its stake to approximately 29.13% post-completion. The acquisition, valued at HK$302,647,304.00, will be satisfied via the issuance of Consideration Shares at an approximate price of HK$0.89 per share. This strategic move is expected to lead to the target group’s financial results being included in GoFintech’s consolidated financial statements as an associate investment.
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