Most Kwai Chung Ltd. (HK:1716) has released an update.
Most Kwai Chung Limited has expanded its stake in a Target Company by acquiring an additional 31% of its issued share capital, for a total consideration of HK$2,908,152. This transaction, which took place on July 11, 2024, after trading hours, has elevated the company from being an associate to an indirect non-wholly-owned subsidiary, integrating the Target Company’s financial results into Most Kwai Chung’s group statements. The deal is classified as a discloseable transaction, necessitating compliance with certain reporting and announcement obligations.
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