Wang On Group Strikes Major Deal with CAP

Wang On Group Limited (HK:1222) has released an update.

Wang On Group Limited and China Agri-Products Exchange Limited have entered into a significant transaction involving the sale and purchase of a target company for HK$150 million. This deal, subject to shareholder approval, will see the target company become a non-wholly owned subsidiary of Wang On Group and a wholly-owned subsidiary of China Agri-Products. The transaction is classified as a discloseable and connected transaction, requiring compliance with the Hong Kong Stock Exchange’s listing rules.

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