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Guangdong – Hong Kong Greater Bay Area Holdings Ltd. ( (HK:1396) ) just unveiled an update.
Guangdong – Hong Kong Greater Bay Area Holdings Ltd. announced a major transaction involving the acquisition of the entire issued share capital of a target company for HK$976,500,000. This acquisition will be completed through the issuance of consideration shares under a specific mandate, which will result in the target company becoming a wholly-owned subsidiary and its financials consolidated into the group. The transaction will also make the vendor a substantial shareholder in the company, and the target company will benefit from economic advantages through VIE agreements with a PRC project group.
More about Guangdong – Hong Kong Greater Bay Area Holdings Ltd.
Guangdong – Hong Kong Greater Bay Area Holdings Ltd. is a company incorporated in the Cayman Islands with limited liability, primarily involved in the acquisition and management of share capital in target companies. The company operates within the financial sector, focusing on strategic acquisitions to enhance its market position.
Average Trading Volume: 2,905,569
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.89B
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