Henghe Group (00513) announced that on October 23, 2024, the company's wholly-owned subsidiary Yett Ho...
According to the Zhitong Finance App, Henghe Group (00513) announced that on October 23, 2024, the company's wholly-owned subsidiary Yett Holdings Limited plans to acquire approximately 24.81% of C.J. (UK) Limited's shares from Laurence James Blunt at a cost of about HK$5.829 million.
Immediately after completion, all of the shares in the target company's share capital will be owned by the buyer, and the target company will become a wholly-owned subsidiary of the company.
According to the announcement, the target company is mainly engaged in the wholesale jewellery business in the UK. The acquisition gave the group full control of the target company. Given the potential of the UK and European markets, the acquisition is a strategic move that is in line with the Group's growth goals and will further enhance the Group's ability to control the pace of development of the jewellery trade business in overseas markets.