Yoho Group Holdings Ltd. (HK:2347) has released an update.
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Yoho Group Holdings Ltd. has announced the conditional acquisition of the J SELECT brand assets for a maximum consideration of HK$4.42 million, to be paid partly in cash (up to HK$2.9 million) and partly through the issuance of consideration shares. The transaction is currently subject to certain conditions and completion is not guaranteed, advising shareholders and potential investors to exercise caution. This strategic move is expected to be a share transaction under the company’s General Mandate, with all percentage ratios below 5%.
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