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Horizon Construction Development Limited ( (HK:9930) ) has shared an update.
Horizon Construction Development Limited has announced a significant acquisition, where its wholly-owned subsidiary has entered into a Share Purchase Agreement to acquire equity interests in target group companies for MYR176,000,000. This acquisition will result in the target companies becoming subsidiaries of Horizon Construction Development Limited. Additionally, a Shareholders’ Agreement with Mr. Chan, the remaining shareholder of the target company, includes provisions for call and put options, allowing for future purchase of option shares. The transactions are classified as discloseable under the Listing Rules, requiring announcement and reporting but not shareholder approval.
More about Horizon Construction Development Limited
Average Trading Volume: 766,801
Technical Sentiment Signal: Sell
Current Market Cap: HK$3.68B
See more insights into 9930 stock on TipRanks’ Stock Analysis page.