Common Contracts
1 similar Sale and Purchase Agreement contracts
Stock code: 387)Sale and Purchase Agreement • June 26th, 2014
On 13 November 2019 (after trading hours), the Vendor and the Purchaser entered into the Sale and Purchase Agreement, pursuant to which the Vendor has conditionally agreed to sell, and the Purchaser has conditionally agreed to acquire, the Sale Shares at the Consideration of HK$100,000,000. The Sale Shares represent 49% of the entire issued share capital of the Target Company. As at the date of this announcement, the Target Company is beneficially owned as to 51% by the Purchaser and 49% by the Vendor, and the Target Company is accounted for as an associate of the Company in the financial statements of the Group. Upon Completion, the Company will cease to hold any interest in the Target Group.
