Strawbear Entertainment Group (HK:2125) has released an update.
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Strawbear Entertainment Group has announced a significant transaction in which its subsidiary, Nanjing Strawbear, will acquire Limited Partnership Interests in a fund with a capital commitment of RMB30 million from Tuhui Investment, at no cost. The deal, which took place after trading hours on July 23, 2024, does not require shareholder approval but is subject to reporting and announcement obligations. While the capital has been committed, it has not yet been paid, and the transaction’s terms were reached following arm’s length negotiations considering the fund’s investment objectives and potential returns.
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