Summary by Futu AI
Premier Aviation Holdings Group Limited (the “Company”) will hold an Extraordinary General Meeting on 15 April 2024 to consider the major transaction for the sale of a 22% shareholding in the Target Company. The transaction involved a price of P$6.25 million (approximately HK$36.25 million). Upon completion, the target company will be held by the Company and the buyer, Mr. Tan Tze Loong, 78% and 22% of the shares respectively. The Company plans to use the proceeds from the sale to repay the Group's borrowings. The Notice of the Extraordinary General Meeting and the relevant Proxy Form have been published on the Exchange's website and on the Company's website. If shareholders are unable to attend the general meeting, they should complete the form in accordance with the instructions on the proxy form and return it 48 hours prior to the meeting. The registration of the Company's shares will be suspended from 10 to 15 April 2024.