Folangsi Co. Achieves Full Acquisition of Subsidiary

Folangsi Co., Limited Class H (HK:2499) has released an update.

Folangsi Co., Ltd has successfully completed the acquisition of the entire equity interest in an unspecified target company, making it an indirect wholly-owned subsidiary as of August 31, 2024. The company had previously announced its intent to acquire the target company in July 2024, and the transaction has now met all necessary conditions. This move is expected to impact Folangsi’s corporate structure and market presence.

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