Core Viewpoint - Lixin International (00191) and Lixin Development (00488) announced a conditional agreement to sell their interests in 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 a subsidiary of Lixin Development and an indirect non-wholly owned subsidiary of Lixin Garment [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: Strategic Rationale - The boards of Lixin Garment and Lixin Development view the sale as a good opportunity to exit related investments, allowing for the realization of investments and strengthening cash flow and liquidity [1] - The cash inflow will enable both Lixin Garment and Lixin Development to reallocate financial resources for optimizing their capital structures and/or for general corporate purposes, thereby 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...