Gelonghui November 3 | Huaxi Holdings (01689.HK) announced that on November 3, 2023, the seller (an indirect wholly-owned subsidiary of the company)With Dongfang Huaxin, Zhibo Shengshi, and Yuantong Zhixin (as buyers)Conclude a sale agreement, according to which the seller has agreed to sell and the buyer has agreed to buy the target companyShengshi Hengrui (Guangdong) Technology Co., Ltd48% of shares, with a total nominal cost of RMB 3.
The target company is a limited company established in China on September 5, 2023, which is mainly engaged in R&D and sales of technical products. The buyer's ultimate beneficial owner has extensive knowledge and experience in technology development.
Relevant experience can help target companies establish their business and develop technology products. The buyer's ultimate beneficial owner also has an extensive network to help promote the target company's business and obtain sales orders. The board believes that the sale is aimed at inviting the buyer to become a strategic shareholder of the target company, and that the target company can use its resources and experience to develop the target company.