Gelonghui March 20 | Zhongwei Finance (00245.HK) issued an announcement. The board of directors received a written notice from Rose Holdings Co., Ltd. (“Rose Holdings”), the company's main shareholder, on March 19, 2024. The written notice stated that Vered Holdings Group Ltd (the “Seller”) (a wholly-owned subsidiary of Rose Holdings) entered into a preliminary legally binding agreement with Grand Hengqin (Hong Kong) Investment Co., Ltd. (the “Buyer”), according to which the buyer intended to purchase all of the Company's shares held by Rose Holdings through the seller (i.e. 28.93% of the total issued share capital of the Company); and the voting rights attached to the sale of shares were transferred to the buyer upon signing of the preliminary agreement.
After transferring voting rights as described in the written notice, Rose Holdings (Shenzhen) Co., Ltd., Rose Holdings (Hong Kong) Co., Ltd., Vered Holdings Group Ltd and the seller will no longer be the main shareholders of the company, and the buyer will become the main shareholder of the company.