Group 1 - The company announced a share redemption agreement with FEMTO S.àr.l, involving the sale of 500,000 Class C shares, representing approximately 2.55% of the target company's issued share capital, for a cash consideration of €7.5 million (approximately HKD 68.12 million) [1] - The target company is a private limited company registered under Luxembourg law and is primarily an investment holding company that wholly owns Prima Industrie S.p.A., a key supplier of sheet metal machinery for the group [1] - The board of directors regularly evaluates the global economic outlook and reviews the company's investment portfolio, considering geopolitical tensions, increased policy uncertainty, and rising transaction costs [1] Group 2 - The company acquired the target shares in February 2023 for €5 million, and the sale at €7.5 million allows the company to lock in value gained over time [2] - The share redemption is expected to bring additional operating expenses, reduce the company's liabilities and financial costs, and enable the allocation of more resources to existing businesses [2] - Post-completion, the company's net debt-to-equity ratio is projected to decrease from approximately 21.7% as of December 31, 2024, to about 12.4%, with net proceeds of approximately HKD 44.76 million to be used for general working capital, thereby reducing bank borrowing needs [2]
力丰(集团)与FEMTO S.à r.l订立股份赎回协议