Zhitong Finance App News, Times Angel (06699) announced that after considering the company's business development and future strategy, the company believes that directly holding and managing investments in partnership portfolio companies is in the company's best interest. Therefore, on March 19, 2024, Angelalign SG, the company's wholly-owned entity, and CC Orthodontics entered into a share purchase agreement. According to this (among others), Angelalign SG agreed to purchase all of its shares in CC Orthodontics at zero cost from the partnership, after which CC Orthodontics will be wholly owned by Angelalign SG. On March 19, 2024, at an appropriate time after completing the acquisition of CC Orthodontics, CC Founder Holdings LLC (as the general partner of the partnership) resolved to voluntarily liquidate and dissolve the partnership in accordance with the terms of the limited partnership agreement.
According to the announcement, the partnership aims to invest in innovative digital technology and products in the global digital orthodontic value chain. CC Orthodontics is an investment holding company formed by a partnership to invest in its portfolio companies. As of the date of this announcement, it has invested in several companies in the global digital orthodontic industry chain. After considering the company's business development and future strategy, the directors believe that it is in the company's best interest to directly own and manage investments in partnership portfolio companies, so that the company can directly benefit from the synergy effects generated by it.