Glonghui, October 17丨KFM Jinde (03816.HK) announced that on October 17, 2023, Massive Force Limited, the controlling shareholder of the company, which currently holds about 75.0% of the company's total issued share capital, has sent KiG Real Estate Holdings Limited (potential buyer)A possible sale of all or part of a company's shares results in a non-binding Memorandum of Understanding. As of the date of this announcement, the potential buyers were related parties of the Group, and the executive directors Mr. Sun Guohua and Mr. Huang Zhiguo each had controlling interests and significant interests among them. Thus, under Chapter 14A of the Listing Rules, the potential buyer is a related person of the company.
Furthermore, on October 17, 2023, the Company entered into a non-binding Memorandum of Understanding on a possible transaction to acquire a controlling interest in a company (target company) from a potential buyer.
The Board of Directors learned that discussions on the possible sale of shares and the possible acquisition of the target company are still in the preliminary stages, and that as of the date of this announcement, no formal and legally binding sales agreement on the possible transaction has been concluded. Discussions are still ongoing, and a deal may not necessarily take place.