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ZHUGUANG HOLD sells all its equity in SILVER GRANT to shareholders

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ZHUGUANG HOLD sold all its shares in SILVER GRANT to its controlling shareholder. The transaction was priced at over HKD 81.58 million, equivalent to HKD 0.12 per share, representing a premium of over 17% compared to SILVER GRANT's closing price the previous day. The transaction will be settled by offsetting against HKD 144 million in shareholder loans. It is expected that the sale will record a loss of approximately HKD 289 million

ZHUGUANG HOLD sold all its shares in SILVER GRANT to its controlling shareholder. The transaction was priced at over 81.58 million yuan, equivalent to 0.12 yuan per share, which is a premium of over 17% compared to SILVER GRANT's closing price the previous day. The transaction will be settled by offsetting against 144 million yuan of shareholder loans. It is expected that the sale will record a loss of approximately 289 million yuan

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