Tiande Chemical to Fully Consolidate Key Subsidiary with RMB88 Million Stake Purchase
I'm PortAI, I can summarize articles.
Tiande Chemical Holdings Limited (HK:0609) has announced the acquisition of a 49% equity interest in a subsidiary for RMB88 million, making it a wholly owned subsidiary. The purchase will primarily be settled by offsetting debt owed by the vendor, with a minor cash payment. This transaction is classified as a discloseable and connected transaction under Hong Kong’s Listing Rules, exempt from shareholder approval. The directors believe the terms are fair and beneficial for the company and its shareholders, aiming to consolidate control and streamline corporate structure.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Tip Ranks The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments