On July 31, 2024, Capital Realm announced that it had signed an acquisition agreement with CITIC Dacheng (Shenzhen) Industrial Development Group Co., Ltd. (CITIC seller) to acquire 21.875% equity of the CITIC target company for a transaction price of HKD 70 million. The transaction will be paid through the issuance of CITIC-price shares and will be completed after obtaining approval at the shareholder's special general meeting. After the completion of the acquisition, Capital Realm will indirectly hold 7% equity of CITIC operation company through the CITIC target company. CITIC Operation Company mainly provides online platforms and digital services in Mainland China. The price of this acquisition is based on the financial situation, profit guarantee, and business prospects of CITIC Operation Company. The seller...Show More

On July 31, 2024, Capital Realm announced that it had signed an acquisition agreement with CITIC Dacheng (Shenzhen) Industrial Development Group Co., Ltd. (CITIC seller) to acquire 21.875% equity of the CITIC target company for a transaction price of HKD 70 million. The transaction will be paid through the issuance of CITIC-price shares and will be completed after obtaining approval at the shareholder's special general meeting. After the completion of the acquisition, Capital Realm will indirectly hold 7% equity of CITIC operation company through the CITIC target company. CITIC Operation Company mainly provides online platforms and digital services in Mainland China. The price of this acquisition is based on the financial situation, profit guarantee, and business prospects of CITIC Operation Company. The seller also provided a profit guarantee until 2025, with corresponding compensation arrangements. The completion of the acquisition is subject to multiple conditions, including approval of the shareholder's meeting and listing approval from Hong Kong Stock Exchange. Capital Realm stated that this acquisition is in line with the company's investment objectives and policies and will help achieve long-term capital appreciation.