Common Contracts
1 similar Sale and Purchase Agreement contracts
MAJOR TRANSACTIONSale and Purchase Agreement • June 4th, 2022
On 29 January 2016, the Company entered into the Sale and Purchase Agreement with the Vendor, pursuant to which the Company has conditionally agreed to acquire and the Vendor has conditionally agreed to sell the Sale Shares to the Company, representing approximately 10.66% of the entire issued share capital of the Target Company as at the date of this announcement, at a consideration of HK$63,000,000. Upon Completion, the Company will hold approximately 24.63% of the entire issued share capital of the Target Company. Accordingly, the Target Company will become an associate of the Company. Given the Target Company will not be a subsidiary of the Company, its financial results will not be consolidated into the consolidated financial results of the Group.
