Summary by Moomoo AI
KAMDANK SOLAR SYSTEMS GROUP CO., LTD. (THE “COMPANY”) ANNOUNCED ON 28 DECEMBER 2023 THAT IT HAS ENTERED INTO A PURCHASE AND SALE AGREEMENT WITH SELLER CHINA DIGITAL DEVELOPMENT GROUP LIMITED, AGREEING TO ACQUIRE THE ENTIRE ISSUED SHARE CAPITAL OF TARGET COMPANY DOMINO DEVELOPMENT LIMITED AT A TRANSACTION PRICE OF RMB20,000,000 (APPROXIMATELY HK$22,000,000 yuan). Through its wholly-owned subsidiaries Changzhou International and Jiangsu WuSiahang, the target company has a 50% shareholding in Changzhou Zhilianyun. Changzhou Zhilianyun is a company that operates a logistics cloud technology platform. UPON COMPLETION OF THE TRANSACTION, THE TARGET COMPANY WILL BECOME A WHOLLY OWNED SUBSIDIARY OF THE COMPANY AND ITS FINANCIAL RESULTS WILL BE INCLUDED IN THE GROUP'S ACCOUNTS. The transaction is a disclosable transaction under Chapter 14 of the...Show More