Summary by Moomoo AI
Wealth Properties announced on 6 February 2024 that its wholly-owned subsidiary signed a letter of intent with the seller and the buyer agreeing to enter into a definitive agreement within 10 business days of obtaining the consent of the lender. Under the agreement, the seller will sell the shares for sale and transfer the loan for sale, while the buyer acquires the shares for sale and accepts the transfer of the loan for sale. After the transaction is completed, the target company will no longer be included in Wealth Real Estate's financial statements. The transaction is expected to constitute a very significant sale subject to the relevant listing rules and shareholder approval. The Company expects to send the relevant circular to...Show More