Brief: Huitongda Network Says Alibaba China Enters Equity Transfer Agreement With Hangzhou Haoyue

Huitongda Network

20/12/2023 10:32

Dec 20 (Reuters) - Huitongda Network Co Ltd  9878.HK :
    * ALIBABA CHINA ENTERED INTO AN EQUITY TRANSFER AGREEMENT
WITH
HANGZHOU HAOYUE
    * HANGZHOU HAOYUE WOULD ACQUIRE DOMESTIC SHARES OF CO FROM
ALIBABA
CHINA
    * AFTER COMPLETION OF DEAL, ALIBABA CHINA WILL HOLD 13.82%
OF
TOTAL ISSUED H SHARES AND 4.43% OF TOTAL ISSUED SHARES OF CO
    * AFTER COMPLETION, HANGZHOU HAOYUE WILL HOLD 18.87% OF
TOTAL
ISSUED DOMESTIC SHARES OF CO & 12.83% OF TOTAL ISSUED SHARES

Further company coverage:  9878.HK 

 ((Reuters.Briefs@thomsonreuters.com;))