Gelonghui November 16丨Dacheng Foods (03999.HK) announced that on November 16, 2023, the seller and the buyer (an indirect wholly-owned subsidiary of the company) entered into an acquisition agreement. According to this, the seller agreed to sell and the buyer agreed to buy the underlying assets at a cost of RMB 10 million.
Once the acquisition is completed, the seller will no longer have any interest in the underlying assets. The underlying assets are the trademarks, patents, copyrights and proprietary technology of the “Better Me” brand series held by the seller and associated related interests.