Brief: Agile Group Says Disposal & Acquisition Of Stake & Assignments Of Shareholder's Loans

Agile group

07/02/2024 14:46

Feb 7 (Reuters) - Agile Group Holdings Ltd  3383.HK :
    * DISPOSAL AND ACQUISITION OF EQUITY INTERESTS AND
ASSIGNMENTS OF
RELATED SHAREHOLDER'S LOANS
    * NANTONG YAXIN AND XINGHE INVESTMENT ENTERED INTO XIERMEI
EQUITY
TRANSFER AGREEMENT FOR RMB318.8 MILLION
    * NANTONG YAXIN TO PURCHASE 20% EQUITY INTEREST IN QIDONG
BOERMEI
TRADING FOR RMB5 MILLION
    * NANTONG YAXIN AGREED TO TAKE ASSIGNMENT OF BOERMEI LOAN IN
CARRYING AMOUNT OF RMB196.1 MILLION
    * NANTONG YAXIN CONDITIONALLY AGREED TO SELL 40% EQUITY
INTEREST
IN XIERMEI TO  XINGHE INVESTMENT  FOR RMB10 MILLION
    * UPON DISPOSAL, CO SEES LOSS OF RMB50.7 MILLION
    * NANTONG YAXIN AND XINGHE INVESTMENT ENTERED INTO DEBT
OFFSETTING
AGREEMENT
    * AFTER OFFSETTING, AMOUNT THAT REMAINS PAYABLE BY XINGHE
INVESTMENT TO NANTONG YAXIN SHALL BE RMB127.7 MILLION
    * AFTER OFFSETTING AMOUNT THAT REMAINS PAYABLE BY XINGHE
INVESTMENT TO NANTONG YAXIN SHALL BE RMB76.6 MILLION

Source text for Eikon:  ID:n11066507-1 
Further company coverage:  3383.HK 

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