Brief: Shenzhen Pagoda Industrial Group Announces Acquisition Of Stake In Shenzhen Banguo
10/10/2023 11:35
Oct 10 (Reuters) - Shenzhen Pagoda Industrial Group Corp
Ltd 2411.HK :
* ACQUISITION OF EQUITY INTEREST IN SHENZHEN BANGUO
* DEEMED DISPOSAL OF EQUITY INTEREST IN HAINAN SANGELING
* PAGODA INVESTMENT AND SHENZHEN TIANTU DONGFENG ENTERED
INTO
EQUITY TRANSFER AGREEMENT
* PAGODA INVESTMENT TO BUY ABOUT 19.58% OF STAKE IN SHENZHEN
BANGUO FOR RMB14.4 MILLION
* HAINAN TIANTU TO INJECT RMB22.00 MILLION INTO CAPITAL OF
HAINAN
SANGELING BY WAY OF CASH
* UPON COMPLETION, HAINAN TIANTU WILL HOLD ABOUT 18.03% OF
TOTAL
ENLARGED REGISTERED CAPITAL OF HAINAN SANGELING
Further company coverage: 2411.HK
((Reuters.Briefs@thomsonreuters.com;))
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