Folangsi Co. Announces Strategic Acquisition

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

Folangsi Co., Ltd has announced its subsidiary’s acquisition of the entire equity interest in a target company for a consideration of RMB 33,923,000, subject to adjustments. The deal, which is classified as a discloseable transaction under Hong Kong Listing Rules, is dependent on certain conditions that if not met, may cause the acquisition to not proceed. Shareholders are advised to exercise caution when dealing with the company’s securities during this period.

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