Summary by Moomoo AI
Heart Corporation (stock code: 2400) announced on 9 April 2024 that its wholly-owned subsidiaries have entered into a purchase and sale agreement with the sellers eDragon and LY Development to conditionally acquire a 35% shareholding in X.D. GLOBAL (HK) LIMITED. The initial price of the transaction is $21,639,320 and will be paid through the issuance of preferred shares and cash. UPON COMPLETION, THE TARGET COMPANY WILL BECOME AN INDIRECT WHOLLY OWNED SUBSIDIARY OF THE HEART GROUP. This share transaction and the connected transaction will be subject to the declaration and announcement requirements of Chapter 14 and Chapter 14A of the Listing Rules and will be considered at the Annual General Meeting. Acquisitions are subject to certain conditions or exemptions to be completed and are not necessarily completed. Shareholders and potential investors should act with caution.