Core Viewpoint - Long Emperor Group (08493) has announced a non-binding memorandum of understanding regarding the potential acquisition of 70% of the issued share capital of MANGO TREE (KOWLOON) LIMITED, a Thai restaurant operating in Hong Kong [1] Group 1: Acquisition Details - The target company is a limited company registered in Hong Kong, currently operating a Thai restaurant under the Mango Tree brand [1] - The potential seller is also a limited company registered in Hong Kong, which is a wholly-owned subsidiary of 1957&Co. (Hospitality) Limited, listed on the GEM of the Hong Kong Stock Exchange (08495) [1] - The board believes that the target restaurant presents a potential opportunity due to its strategic location, established customer base, and reputable brand, which could enhance the group's culinary offerings by introducing new Thai cuisine alongside its existing Cantonese offerings [1] Group 2: Strategic Implications - If the acquisition proceeds, it is expected to allow the group to cater to a broader customer preference and strengthen its resilience through diversified revenue sources [1] - The board has noted that the earnest money payment as per the memorandum will ensure exclusivity and facilitate due diligence and negotiations with the potential seller [1] - This arrangement reflects the group's intention to explore the potential acquisition in a structured manner, with the earnest money to be applied towards the potential acquisition cost if a formal agreement is subsequently reached [1]
龙皇集团拟向1957 & CO.收购MANGO TREE (KOWLOON)70%股份