Weihuada Holdings (00622) announced that on August 8th, 2023, the seller (Oshidori Capital Limited, the company's indirect wholly-owned subsidiary) intended to sell the 100% equity interest in the target company (Siston Holdings Limited) and transfer the shareholder loan to Ms. Wei Wei, the buyer, for a total consideration of HK $110 million.
The target company is mainly engaged in investment holding. The main asset of the target company is the property. The property refers to House 9, Beacon Peak, 20 Cornwall Street, Kowloon Tong, Hong Kong, China.