On March 22, GLONGHUI | STYLAND HOLD (00211.HK) announced that on March 22, 2024, the company, as the seller and buyer (i.e. R & J Funds Limited), entered into a non-binding letter of intent regarding the possible sale of shares for sale (all shares of the target company). The price of the shares to be sold will be HK$40 million.
The target company (Changxiong Group Limited) is a limited company incorporated in the British Virgin Islands and is a wholly-owned subsidiary of the company. The target company is mainly engaged in investment holdings. The target group is mainly engaged in providing financial services.