Summary by Futu AI
China Aoyuan Group Limited ("China Aoyuan") announced that a special shareholder meeting will be held on July 10, 2024 to consider the share purchase agreement between seller Aoyuan Property Holdings (Canada) Ltd. and buyer Winnet Capital Ltd. The agreement involves the sale of 70 Class B common shares and 68,000,000 M2M Project Phase 1 tracking shares of Ontario Aoyuan Property Limited (the "Target Company"), which represents all the economic benefits of the M2M Project Phase 1. The total transaction price is CAD 68,000,070. The special shareholder meeting will be held on the 24th floor of Tower One, Harbour Centre, 18 Summer Hing Road in Hong Kong. In addition, China Aoyuan has commissioned Knight Frank LLP and Knight Frank Valuation and Advisory Sdn Bhd to independently value Phase 1 of the M2M Project's buildings and all of its economic rights and interests.