Core Viewpoint - The company has entered into a conditional sale agreement to acquire 51% of the capital of Momentum Industrial (Vietnam) Limited for $2 million, which will enhance its strategic development and operational capabilities in Asia [1][1]. Group 1: Acquisition Details - The acquisition involves the purchase of 51% of the target company's capital for a total consideration of $2 million [1]. - Upon completion, the target company will become an indirect non-wholly owned subsidiary of the company, with its financial performance, assets, and liabilities incorporated into the group's financial statements [1]. Group 2: Target Company Profile - Momentum Industrial (Vietnam) Limited is a limited company registered under Vietnamese law, primarily engaged in the manufacturing of telecommunications, healthcare, home automation, and industrial electronic components [1]. Group 3: Strategic Importance - The board believes that the acquisition is a significant step in the group's strategic development, aimed at expanding production facilities to meet changing customer demands in other Asian countries [1]. - The group plans to enhance management efficiency and integrate resources based on the existing operations of the target company [1]. - Establishing production facilities in Vietnam will increase the group's operational flexibility, allowing for better service to customers [1].
华讯(00833)拟200万美元收购Momentum Industrial (Vietnam)...