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Sinomax Group Announces Major Share Acquisition
Sinomax Group (01418.HK) spends 6 million euros to purchase 45% equity of a Danish sleep product company.
sinomax group (01418.HK) announced that its wholly-owned subsidiary Treasure Range Holdings Limited subscribed for shares issued by M DK Holdings ApS at a price of 6 million euros. The subscription price per share is 146.67 euros. After completion, M DK Holdings ApS will be owned 55% by M Logistical and 45% by its subsidiary. Prior to the subscription, M DK Holdings ApS was wholly owned by M Logistical.
Sinomax Group plans to subscribe for a 45% stake in MDK Holdings ApS to strengthen the established business relationship.
Sinomax Group (01418) announced that on October 14, 2024, the subscriber (a wholly-owned subsidiary of the company), M Logistical, and the target company M DK Holdings ApS entered into a subscription agreement. The target company agreed to issue shares and the subscriber agreed to subscribe for the subscribed shares at a price of 6 million euros (approximately 50.99 million Hong Kong dollars). The subscription price for the subscribed shares is 146.67 euros per share (approximately 1,246.48 Hong Kong dollars). After completion, the target company will be owned respectively by M Logistical and the subscriber.
Sinomax Group (01418) intends to subscribe for 45% equity interest of MDK Holdings ApS to strengthen the established business relationship.
Sinomax Group (01418) announced that on October 14, 2024, the subscriber (a wholly-owned subsidiary of the company...
SINOMAX GROUP: 2024 Interim Report
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