Southwest Securities International Securities Limited (HK:0812) has released an update.
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Southwest Securities International Securities Limited has announced a Sale and Purchase Agreement where Mr. Wong will acquire Sale Shares and Perpetual Securities from SSII. Additionally, the company has entered into loan agreements for the purpose of debt repayment and general working capital, with a total drawdown of over HK$123 million. A mandatory unconditional cash offer for all issued shares of the company is also on the horizon, pending certain conditions including an Independent Financing agreement for the repayment of the SSII Loan.
For further insights into HK:0812 stock, check out TipRanks’ Stock Analysis page.