Summary by Futu AI
ON NOVEMBER 29, 2024, XJ INTL HLDGS LIMITED WILL OFFER AND PURCHASE A SHARE TRANSFER AGREEMENT TO SELL 100% OF ITS SHAREHOLDING AND TRADING RIGHTS IN THE STUDENT EDUCATION AND TARGET COLLEGE. The total value of this transaction is RMB0.54 billion, net of post-dated debt, and the share price is expected at RMB0.42 billion. This transaction constitutes a major transaction and is subject to the Filing, Announcement and Shareholder Approval requirements of Article 14 of the Listing Rules.The transaction is divided into two parts, with the purchase paying 0.3 billion USD to acquire 70% shareholding of the target company and the sub-management rights paying 0.24 billion USD to obtain 30% shareholding and all management rights. Upon completion, the acquisition will retain all shareholding and operating rights of...Show More