Group 1 - The company CHEVALIER INT'L (00025) announced the acquisition of a 40% stake in NC1 Sandhill Limited from Mitsui & Co. (Hong Kong) for a total consideration of HKD 203.8 million [1] - Upon completion of the acquisition, NC1 Sandhill Limited will become a wholly-owned subsidiary of the company [1] - The target group will enter into a loan agreement with the seller, with an annual interest rate of 10%, resulting in an interest expense savings of approximately HKD 122 million at completion [1] Group 2 - The seller decided to liquidate the investment earlier than initially expected after assessing the target group's business, particularly its operations as a senior care facility [2] - Despite the current losses of the target group, the company's board believes in the long-term growth potential of senior care facilities in Hong Kong due to the aging population [2] - The board views the acquisition as a valuable opportunity to gain full control over the target group, especially as the facility is set to commence operations in November 2024 [2]
CHEVALIER INT‘L(00025)拟收购NC1 Sandhill Limited40%股权