GoFintech Innovation Limited (HK:0290) has released an update.
GoFintech Innovation Limited has announced the conditional acquisition of a 4.2726% equity interest in a target company for HK$39.50 million, which is considered a connected transaction due to the vendor being a substantial shareholder. The acquisition, exempt from certain Listing Rules requirements, is based on the target’s promising financial performance, technological expertise in quantum computing, and anticipated benefits to GoFintech’s group. Payment terms and valuation considerations were determined at arm’s length, reflecting the target’s strong potential and strategic fit.
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