Zhitong Financial APP News, Silk Road Energy (08250) announced that on August 11, 2023, Yuesheng, a wholly-owned subsidiary of the company, acquired 2 million Pak Fu (01488) shares on the open market through the Stock Exchange for a total consideration of about HK $2.3795 million (excluding transaction costs, that is, the average price per Pak Fu share is about HK $1.19).
After considering the business operation and operating prospects of Pak Fu, the company is optimistic about the future of Pak Fu and considers that these acquisitions are attractive investment opportunities and can also enhance the company's investment return.