SJM Holdings (HK:0880) has released an update.
SJM Holdings has announced the acquisition of complete equity interests in NYH European and NYH Italian for a total consideration of approximately HK$31.48 million, with the transactions involving subsidiaries and connected persons under the Listing Rules. The deals, exempt from independent shareholder approval due to their size, involve a complex set-off mechanism against trade receivables and capped reimbursements for business operation expenses.
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