Rykadan Capital’s Major Property Acquisition

Rykadan Capital Ltd. (HK:2288) has released an update.

Rykadan Capital Ltd. has entered into an agreement to acquire a 100% equity interest in a property holding company, a move requiring approval from independent shareholders due to its connected transaction nature. The initial consideration for the acquisition is set at HK$56,084,228, with the potential for adjustments. Shareholders with material interest, including Mr. Chan, who has abstained from voting due to his position and interest, will not vote at the forthcoming Extraordinary General Meeting (EGM).

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