Summary by Futu AI
New Ray Medic International Holdings Limited (the "Company") announces that a special meeting of shareholders will be held on July 16, 2024 to consider and approve the acquisition agreement for the purchase of 16% equity interest in China Nvai Pharmaceutical Group Co., Ltd. The agreement was signed on May 16, 2024 between the Company's wholly-owned subsidiary, Major Bright Holdings Limited, and the seller, Mr. Yu Wen Yong, for a purchase price of HKD 17,280,000. After the completion of the acquisition, the Company will hold 16% equity interest in the target company. In addition, the Company has also disclosed unaudited financial information and an independent valuation report related to the acquisition. The special meeting of shareholders will be held at Rooms 1203B, 1204-1205, 12/F, World-wide House, 19 Des Voeux Road Central, Hong Kong.