China Investment Development Limited (HK:0204) has released an update.
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Capital Realm Financial Holdings Group Limited has announced its acquisition of a 21.875% stake in a commercial services firm for HK$70 million, settled through the issuance of consideration shares. The deal, aimed at increasing the company’s indirect holdings to 7% in the operational company post-reorganization, is predicated on shareholder approval at an upcoming Special General Meeting. The transaction is seen as strategically valuable, reflecting a price-to-earnings ratio of 10, which aligns with market standards for similar Mainland China businesses.
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