Group 1 - The company, Wan Cheng Holdings, announced a transaction involving the acquisition of 25.3% of the issued share capital of Fortune Radiant City Limited for approximately HKD 151 million, to be settled in cash [1] - The company also agreed to subscribe for an additional 16.7% of the enlarged issued share capital of Fortune Radiant City Limited at a price of approximately HKD 120 million [1] - Upon completion of the transactions, the company's equity interest in the target company will increase to approximately 37.7% of the enlarged issued share capital [1] Group 2 - The board of directors recognized the target group's strong ability 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 [2]
万城控股(02892)拟透过买卖协议及认购协议获取Fortune Radiant City Limited约37.7%权益