Imperial Financial Group (08029) announced that on November 8, 2023, the subscriber Fuyi Holdings Co., Ltd...
According to Zhitong Finance App, Imperial Financial Group (08029) issued an announcement. On November 8, 2023, the subscriber Fuyi Holdings Limited (an indirect wholly-owned subsidiary of the company) (as the subscriber) and the target company Unlimited Technology International Co., Ltd. signed a non-legally binding memorandum of understanding. The target company plans to issue new shares in the target company and the subscriber intends to subscribe for new shares in the target company. The specific terms are to be determined after negotiations between the target company and the subscriber; and after the subscription agreement is completed, the subscriber (as the lender) intends to grant specific loans to the target company (as the borrower) Clauses It is to be determined after consultation between the target company and the purchaser.
The announcement said that if the proposed subscription matters and loan financing are implemented, the Group will be able to expand into new market areas and diversify its business portfolio, thereby expanding its reach and developing revenue sources.