Core Viewpoint - Lixin International (00191) and Lixin Development (00488) announced a conditional agreement to sell their interests in the New Vision Fund, L.P. for approximately USD 14.6354 million (around HKD 114 million) [1] Group 1: Transaction Details - The agreement involves the sale of all rights and interests in the limited partnership by the seller, which includes Lixin Development's indirect wholly-owned subsidiary and Lixin Garment's indirect non-wholly-owned subsidiary [1] - The partnership primarily invests in pre-IPO shares of companies applying for listing on recognized stock exchanges and in early-stage and growth-stage companies [1] Group 2: Financial Implications - The boards of Lixin Garment and Lixin Development believe that the sale provides a good opportunity for Lixin Development Group to exit related investments, allowing for the realization of investments and strengthening cash flow and liquidity [1] - The cash inflow will enable Lixin Garment and Lixin Development to reallocate financial resources for optimizing their capital structure and/or general corporate purposes, while also enhancing overall cash flow and financial condition [1]
丽新发展(00488)附属拟出售New Vision Fund, L.P有限合伙权益的所有权利、所有权及权益