Summary by Moomoo AI
Access Group Holdings Limited (the “Company”) announces that an Extraordinary General Meeting will be held on 8 March 2024 to consider the very significant sale of its Precision Micro Components business. The business transfer agreement was entered into on 22 December 2023 between the Company's indirect wholly-owned subsidiary Tanda Precision Technology Limited (as the seller) and Tectum Pacific Pte. Ltd. (as buyer) signed. The total cost of the transaction is HK$20.15 billion, and the sale is expected to generate proceeds for the Group of approximately HK$6.39 million. The Extraordinary General Meeting shall vote on the transaction and authorise the Directors to sign all relevant documents and arrangements for the execution and effect of the sale. The Company's Board of Directors has provided comprehensive financial information on this sale and confirmed the accuracy and completeness of the information.