Summary by Moomoo AI
Ocean Group issued a notice on 29 April 2024, mentioning that its major shareholder China Life Insurance Scheme will invest in a partnership and may acquire 49.895 per cent of the equity and corresponding debt of Beijing Xingtai Hong Kong Real Estate Limited, indirectly held by Pacific Group, for no more than RMB 31 billion. The project company is responsible for the development and operation of the second business complex in Dawangjing Commercial Zone, Beijing. Ocean Group notes that, as of the date of the announcement, no explicit agreement has been entered into regarding this transaction and that the transaction may or may not be completed. If the transaction is confirmed, it will constitute a transaction to be announced and a connected transaction. The Company will make further announcements in accordance with the Listing Rules in due course, reminding shareholders and investors to exercise caution when trading.