Bard International Limited announced on 29 February 2024 that it has entered into an acquisition agreement with the seller and the target company, conditionally agreeing to acquire all issued share capital of the target company. The acquisition will make Fushun Xingzhou, which primarily produces and sells metal commodities, a subsidiary of Bade International and will incorporate its financial results into the financial statements of Bader International. The acquisition cost RMB289,860,000 and will be paid through the issuance of priced shares of HK$0.336 per share. The premium shares will be issued under a special mandate from the Extraordinary General Meeting and will be applied for listing on the exchange. The acquisition constitutes a major transaction and is subject to the announcement and shareholder approval...Show More

Bard International Limited announced on 29 February 2024 that it has entered into an acquisition agreement with the seller and the target company, conditionally agreeing to acquire all issued share capital of the target company. The acquisition will make Fushun Xingzhou, which primarily produces and sells metal commodities, a subsidiary of Bade International and will incorporate its financial results into the financial statements of Bader International. The acquisition cost RMB289,860,000 and will be paid through the issuance of priced shares of HK$0.336 per share. The premium shares will be issued under a special mandate from the Extraordinary General Meeting and will be applied for listing on the exchange. The acquisition constitutes a major transaction and is subject to the announcement and shareholder approval requirements of Chapter 14 of the Listing Rules. Shareholders and potential investors should be aware that acquisitions are subject to the pre-requisites of the agreement and are not necessarily completed, so caution should be exercised when trading the Company's securities. Bard International will send a circular on or before 21 March 2024 detailing the acquisition and related information.