Brief: Jinke Smart Services Reaches Consensus With Shareholder Of Shanghai Hotspot Catering Service To Execute Deal

Jinke Smart Services Co

27/07/2023 15:57

July 27 (Reuters) - Jinke Smart Services Group Co Ltd
 9666.HK :
    * REACHED CONSENSUS WITH FOUNDING SHAREHOLDER OF SHANGHAI
HOTSPOT
CATERING SERVICE, AMONG OTHERS  TO EXECUTE INVESTMENT DEAL
    * TRANSACTION INVOLVES ACQUISITION OF EQUITY INTEREST AND
CAPITAL
INCREASE IN SHANGHAI HOTSPOT CATERING SERVICE
    * UPON EXERCISE OF OPTION CO WILL HOLD 66.8511% EQUITY
INTEREST IN
SHANGHAI HOTSPOT CATERING SERVICE
    * INVESTMENT ARRANGEMENT INVOLVES ACQUISITION OF AGGREGATE
OF
7.0878% STAKE IN TARGET CO FROM STAGE 1 LEAVING SHAREHOLDERS
    * MAKE  CAPITAL INCREASE TO SHANGHAI HOTSPOT CATERING
SERVICE IN
AMOUNT OF RMB50 MILLION
    * STAGE 1 ACQUISITION FOR RMB17.7 MILLION
    * INVESTMENT ARRANGEMENT INVOLVES ACQUISITION OF AGGREGATE
OF
30.552% STAKE IN TARGET CO FROM STAGE 2 LEAVING SHAREHOLDERS
    * STAGE 2 ACQUISITION FOR RMB114.8 MILLION
    * INVESTMENT ARRANGEMENT INVOLVES ACQUISITION OF 20% STAKE
IN
TARGET CO FROM FOUNDING SHAREHOLDER FOR RMB50 MILLION

Source text for Eikon:  ID:nHKS7df6yN 
Further company coverage:  9666.HK 

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