Crownicorp (00727) resumed trading and rose nearly 36%. As of the time of publication, it increased by 35.71% to HKD 0.076, with a turnover of HKD 1.4604 million.
According to the Smart Finance and Economics app, Crownicorp (00727) resumed trading and rose nearly 36%. As of the time of publication, it increased by 35.71% to HKD 0.076, with a turnover of HKD 1.4604 million.
On the news side, Crownicorp issued an announcement. On July 31, 2024 (after trading hours), the buyer (a wholly-owned subsidiary of the company) and the seller entered into an equity transfer agreement. The buyer conditionally agreed to purchase 100% of the equity of the target company, while the seller conditionally agreed to sell the equity. The price is RMB 0.8 billion (including various government taxes and fees).
The target company is mainly engaged in integrated wellness business in China, and it holds the land use rights of the following investment properties: a plot of land with a land area number of 1-29, 32, 33, 34, and 35 in Zhuhai Xiangzhou District Technology Industrial Zone, with a total construction area of approximately 0.0784 million square meters and a term until November 30, 2055. There are 11 buildings with a total construction area of 0.073 million square meters; and a plot of land with a land area number of 1-30, 1-31 in Zhuhai Hongwan Industrial Zone, with a total construction area of approximately 0.0121 million square meters and a term until January 15, 2057.