Group 1 - Company announced that its wholly-owned subsidiary, Wancheng Development, entered into a sale and subscription agreement on July 18, 2025, to acquire approximately 25.3% of the issued share capital of Fortune Radiant City Limited for a total consideration of HKD 151 million [1] - The transaction will be settled through cash payment and the transfer of all issued shares of Fortune Brilliant from Wancheng Development to Ms. Wang Liying [1] - Following the completion of the subscription agreement, the equity stake related to the sold shares will decrease from approximately 25.3% to about 21.0%, resulting in the company holding approximately 37.7% of the enlarged issued share capital of the target company [1] Group 2 - The target company is an investment holding company registered in the British Virgin Islands, fully owned by Ms. Wang Liying as of the announcement date [2] - The board of directors recognized the target group's strong capability to generate stable rental income while maintaining land reserves for future development opportunities [2] - The board expressed interest in exploring potential investments in the target group as part of a long-term business expansion strategy, believing that establishing management services represents a strategic opportunity for business diversification [2]
万城控股(02892.HK)订立买卖协议及认购协议