[Caihua News] 08418.HK announced that on January 10, 2022, the buyer (the company is connected to the wholly-owned subsidiary Optima Carz Leasing Pte. Ltd.) Entered into a car sale and purchase agreement with the seller (Chen Song Motor sales Pte Ltd), under which the buyer agreed to buy and the seller agreed to sell a total of five Nissan vehicles for a total consideration of S $556000.
The Group plans to expand its leasing fleet by purchasing more cars to develop its short-term and long-term leasing business. The Directors consider that the terms of the Motor vehicle Sale and purchase Agreement are normal commercial terms, are fair and reasonable and that the conclusion of the Automobile Sale and purchase Agreement is in the interests of the Company and shareholders as a whole.