Gelonghui, March 12, 丨 Silk Road Energy (08250.HK) announced that on March 12, 2024, the seller Shenzhen Jinquan Consulting Co., Ltd. (an indirect wholly-owned subsidiary of the company) entered into an equity transfer agreement with the buyer Fei Vietnam Trading (Shenzhen) Co., Ltd., according to the terms of the share transfer agreement, the seller conditionally agreed to sell and the buyer conditionally agreed to acquire 100% of the shares of the target company Ordos Taipu Mining Engineering Co., Ltd.
After reviewing the target company's business performance and prospects, the board of directors believes that the sale is a good opportunity to streamline its core business and invest the Group's financial resources into future businesses with higher growth potential, thereby achieving more stable long-term income for the Group and creating greater returns for shareholders.