Summary by Moomoo AI
Po Kwong Industries (International) Limited (the “Company”) announces that a Special General Meeting will be held on 20 February 2024 at Room 901, 9/F, Po Kwong Commercial Centre, 698 Prince Edward Road East, Kowloon, Kowloon, Hong Kong, to consider and accept at the discretion of City Chain (Bermuda) Holdings Limited (as Seller) and Breitling Sale of all shares in the issued share capital of Universal Geneve SA (the “Target Company”) between SA (as Buyer) The Sales Agreement and the proposed transaction under it. In addition, the inventory sales agreement established by Time Gallery Watch Company Limited with the target company for the sale of the entire stock of watches known as “Universal Genève” will be reviewed. The Share Sale Agreement and Inventory Sale Agreement were signed on 12 December 2023. JLL Corporate Valuation & Consulting Limited provided independent opinions on the valuation of the target company's equity and watch stock2. It considers that the proposed transaction price is within the range of possible trading prices in the eligible comparison transaction.