Jiande International Acquires Subsidiary Stake

Jiande International Holdings Ltd. (HK:0865) has released an update.

Jiande International Holdings Ltd. has announced the acquisition of a 20% equity interest in a subsidiary, which will be compensated by the early repayment of a shareholder’s loan valued at approximately HK$25.38 million. This transaction is classified as both a discloseable and connected transaction under the Listing Rules, but it is exempt from certain requirements like shareholder approval due to its compliance with normal commercial terms and the Board’s approval.

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