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Hybrid Kinetic Group ( (HK:1188) ) has provided an update.
Hybrid Kinetic Group Limited has announced a discloseable transaction involving the acquisition of a 51% equity interest in a target company for HK$51,000,000. This acquisition will be completed through the issuance of a convertible note under a general mandate, making the target company a non-wholly owned subsidiary and consolidating its financial results into Hybrid Kinetic Group’s accounts. The transaction is subject to certain conditions and does not require shareholders’ approval, though it must comply with reporting and announcement requirements.
More about Hybrid Kinetic Group
Hybrid Kinetic Group Limited is a company incorporated in Bermuda with limited liability, primarily involved in the acquisition and management of equity interests in various companies.
Technical Sentiment Signal: Sell
Current Market Cap: $31.46M
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