E-Commodities Holdings Secures Major Stake Acquisition

E-Commodities Holdings Limited (HK:1733) has released an update.

E-Commodities Holdings Limited has announced the acquisition of a 70% stake in a target company for US$77.9 million, turning it into a wholly owned subsidiary. The deal requires an initial payment of US$5 million with the remainder to be settled by the end of August 2024. This transaction is classified as a discloseable transaction, subject to specific reporting requirements under Chapter 14 of the Listing Rules.

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