00253.HK announced that on 20 December 2021, the buyer (Shunhao Resources Group Limited, a subsidiary of the company) entered into a provisional sale and purchase agreement with the seller, Mr. Liu Yaotang, pursuant to which the buyer agreed to acquire from the seller all the issued shares of the target company, namely Yujin Investment Limited, and to sell the debt at a consideration of HK $24 million.
The target company is a limited company incorporated in Hong Kong and its main business is property investment. The only asset of the target company is the property. The property is No. 21, II Nashatre Avenue, Tianluan Tianluan, 33 Kwu Tung Road, Sheung Shui, New Territories, Hong Kong.