08153.HK announced that on December 24 this year, Heidham, which is indirectly owned by the company, Zhu Ning, the seller, and Beijing Creative Leshi International Cultural Media, the target company, entered into an agreement under which the seller has conditionally agreed to sell and the buyer has conditionally agreed to buy the equity, that is, 51% of the total equity of the target company at a consideration of 12.75 million yuan.
After the completion of the equity transfer, the target company will become an indirect non-wholly-owned subsidiary of the company.
The Fano Group believes that the acquisition is in line with the Group's business diversification strategy and develops the Chinese market for the Group's advertising business. the promotion experience of the target company in holding various new car conferences in China has a synergistic effect with the group's new energy electric vehicle sales business, providing attractive investment opportunities and generating diversified income and additional cash flow through the target company.