Gelonghui, January 12, 丨 Ling Rui Holdings (00784.HK) announced that on January 12, 2024, it entered into an agreement with Jiada. According to this, Simple Joy agreed to sell and Jiada agreed to buy and sell shares, or 70 million shares, accounting for 8.75% of the company's issued share capital at the date of this announcement, with a total cash cost of HK$7 million (i.e. HK$0.1 per share). The sale was completed on January 12, 2024.
After completion, Simple Joy remained the company's controlling shareholder.
According to reports, Jiada is a limited company incorporated in the British Virgin Islands. As of the date of this announcement, Jiada is wholly owned by Mr. Ling Zhihui, the company's executive director and major shareholder.