Summary by Futu AI
Marco Digital Technologies announced on 23 May 2024 that the Company has entered into an acquisition agreement with Ms. Fang Zhao Lixia, conditionally agreeing to acquire the entire issued share capital and shareholder loan of the target company Sky Trend Real Estates Limited at a total cost of HK$7,000 million. UPON COMPLETION OF THE TRANSACTION, THE TARGET COMPANY WILL BECOME A SUBSIDIARY OF MARCO DIGITAL TECHNOLOGIES AND WILL INCLUDE ITS FINANCIAL INFORMATION IN THE GROUP'S FINANCIAL STATEMENTS. THE ACQUISITION CONSTITUTES A DISCLOSEABLE TRANSACTION UNDER CHAPTER 14 OF THE LISTING RULES BECAUSE THE APPLICABLE PERCENTAGE RATE EXCEEDS 5% BUT LESS THAN 25%. Completion of the acquisition is subject to the fulfillment or exemption of preconditions, so the transaction does not have to take place. The...Show More