GOLDWAY EDU plans to acquire Huimin Limited for HKD 20 million
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GOLDWAY EDU plans to acquire all issued shares of Huimin Limited for HKD 20 million. In the transaction, HKD 15.66 million will be paid through the issuance of shares, and HKD 4.34 million will be paid through the issuance of promissory notes. Huimin Limited is a property holding company, with its main asset being a property of approximately 2,961 square feet, which includes two non-residential studios currently bound by lease agreements. The acquisition aims to provide stable rental income and may be used for the company's tutoring business
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