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NWS Holdings Subsidiary Buys Electrical, Mechanical Engineering Contractor
nws holdings plans to acquire Xinchang Asiada Building Equipment Co., Ltd.
NWS Holdings (00659) announced on July 22, 2024, that its indirect wholly-owned subsidiary, Power Might Enterprises Limited, intends to acquire all of the issued share capital of Sin Chong Asia Sida Building Equipment Limited from Efficient League Limited and Golden Celosia Limited, and to purchase and assume the unsold loans from Golden Celosia Limited, at a preliminary consideration of HKD 508.6 million. The target company provides comprehensive services.
NWS Holdings Announces Strategic Acquisition
Nws holdings (00659.HK) plans to acquire all the share capital of xinchang yashi da building equipment.
On July 22, Guolian News reported that NWS Holdings (00659.HK) announced that on July 22, 2024, the buyer, Power Might Enterprises Limited (an indirect wholly-owned subsidiary of the Company), the seller (Efficient League Limited, Golden Celosia Limited) and the seller's guarantor entered into a sale and purchase agreement. Accordingly, (a) the seller conditionally agreed to sell and the buyer conditionally agreed to purchase the sale shares at the consideration of the sale shares (equivalent to the target company New Chang's Ashi).
Express News | NWS Holdings - Transaction Consideration HK$508.6 Mln Being Initial Consideration Payable for Sale Shares Upon Completion
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