Summary by Futu AI
POWER DEVELOPMENT GROUP LIMITED (THE “COMPANY”) WILL HOLD A SPECIAL GENERAL MEETING ON 13 MARCH 2024 TO CONSIDER AND APPROVE A SERIES OF WHOLLY OWNED SUBSIDIARIES TAIYUAN AND TAISHENG SUI PROPERTY CO., LTD. (“TAIYUAN AND TAI TAI”), A WHOLLY OWNED SUBSIDIARY OF WUXI FIELD REAL ESTATE DEVELOPMENT CO., LTD. (THE “WUXI SITE”) Transactions. These transactions include the Original Property Purchase Agreement, the Supplemental Agreement, the Second Supplemental Agreement and the 2014 Supplemental Agreement, and involve the acquisition of 100% of the shares of Taiyuan and Tai at a cost of RMB220,000,000. The share price will be offset against the amount paid and the buyer does not have to pay the share price to Wuxi at the time of delivery. Taiyuan and Tai are primarily engaged...Show More