Summary by Futu AI
BG BLUE SKY ANNOUNCED ON 26 APRIL 2024 THAT ITS WHOLLY OWNED SUBSIDIARY BEIJING BEIGAN ENTERED INTO AN ASSET TRANSFER AGREEMENT WITH ITS DIRECT WHOLLY OWNED SUBSIDIARY BEIJING GAS ENERGY. Under the agreement, Beijing Gas Energy will transfer to Beijing Beiping its target assets, including geothermal heat pump systems, air conditioning systems, etc., at a total cost of RMB33,000,000 (approximately HK$36,443,954). THE TRANSACTION CONSTITUTES A CONNECTED TRANSACTION, AS NORTH CONTROL GROUP IS THE CONTROLLING SHAREHOLDER OF BEIJING GAS BLUE SKY, WITH AN INDIRECT HOLDING OF APPROXIMATELY 66.37%. The completion of the transfer of assets is subject to the fulfilment of the pre-requisites or waivers of the Agreement and therefore does not have to take place. Shareholders and potential investors should act with caution...Show More