Power Assets Holdings (HK:0006) has released an update.
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Power Assets Holdings (PAH) and its subsidiaries have engaged in significant share subscriptions in joint venture company CK William, with shares acquired proportionate to their existing equity interests, maintaining the same ownership percentages post-transaction. The transactions, which involve funding from internal resources and are consistent with the Listing Rules, are exempt from the requirement of independent shareholder approval due to their size. These strategic subscriptions reflect PAH’s investment in maintaining its stake in CK William without altering the joint venture’s ownership structure.
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