Core Viewpoint - The company, 大人国际, has entered into a conditional share purchase agreement to sell 40% of the issued share capital of Lordan Group Ltd for HKD 31.41 million, aiming to reallocate resources and improve overall financial performance after facing significant operational challenges and losses [1]. Group 1: Transaction Details - The seller is a wholly-owned subsidiary of the company, and the buyer is Belcher Ventures Investment Ltd [1]. - The transaction involves the sale of 40% of the entire issued share capital of the target company, Lordan Group Ltd [1]. Group 2: Target Company Overview - Lordan Group Ltd is an investment holding company that owns all issued shares of a Hong Kong company, which in turn holds the entire registered capital of a wholly foreign-owned enterprise [1]. - The foreign-owned enterprise has substantial control over the operating company group through a variable interest entity contract and enjoys the economic benefits generated by the group [1]. Group 3: Strategic Rationale - The board has conducted a comprehensive review of the group's business operations to adjust its business strategy in response to a challenging business environment [1]. - The target group has experienced a significant year-on-year decline in sales performance and has incurred losses [1]. - The board believes that the sale presents a good opportunity to reallocate resources and investments to other business segments within the group, expecting an improvement in overall financial performance post-transaction [1].
大人国际(01957)以3141.1万港元出售Lordan Group Ltd全部已发行股本的40%