Zhitong Financial APP News, Hauber International (08431) issued a notice that on July 10, 2023, the company signed a memorandum of understanding with he Yaotian (seller), according to which the parties agreed to negotiate that the company may have conditional acquisition and the seller may have conditions to sell the controlling interest of Yongqiang Engineering Company (target company). Subject to the finalization and the conclusion of the final agreement between the company (or a wholly-owned subsidiary of the company nominated by the company) and the seller and the completion of the possible acquisition, the financial results of the target company will be consolidated into the company's financial statements.
The announcement said that the possible acquisition is in line with the group's investment strategy and is expected to consolidate the company's existing business. The Board is of the view that the possible acquisition, if implemented, will immediately bring new sources of revenue to the Company and enable the Company to further strengthen its revenue and customer base, which is in the overall interests of the Company and its shareholders.