MOG Digitech Revises Terms for Subsidiary Disposal
MOG Holdings Limited (HK:1942) announced a revision in the terms for the disposal of equity interest in its subsidiaries. The total consideration has been reduced from RM22,000,000 to RM12,095,000, and the number of target companies decreased from 24 to 13. This decision aims to streamline operations and focus on a more concentrated portfolio, potentially affecting market positioning and stakeholder interests. MOG Digitech operates in the eyewear industry, managing subsidiaries specializing in optical products and services.
MOG Holdings Limited ( (HK:1942) ) has issued an announcement.
MOG Digitech Holdings Limited announced a supplemental agreement regarding the disposal of equity interest in certain subsidiaries. The revised terms include a reduction in the total consideration from RM22,000,000 to RM12,095,000 and a decrease in the number of target companies from 24 to 13. The revised consideration was determined through arm’s length negotiations and a valuation process conducted by an independent valuer, which employed the market and cost approaches. This adjustment reflects a strategic decision to streamline operations and focus on a more concentrated portfolio of subsidiaries, potentially impacting the company’s market positioning and stakeholder interests.
More about MOG Holdings Limited
MOG Digitech Holdings Limited operates in the eyewear industry, focusing on the sale and distribution of optical products and services. The company is involved in managing various subsidiaries that specialize in optometry and eyewear retail.
Average Trading Volume: 10,147,619
Technical Sentiment Signal: Sell
Current Market Cap: HK$576.3M
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