Future World Completes Strategic Acquisition

Future World Holdings Limited (HK:0572) has released an update.

Future World Holdings Limited has successfully acquired Elite Holdings International, making it a wholly-owned subsidiary and incorporating its financials into the group’s consolidated statements. The acquisition was partly settled by issuing 21,700,000 new shares at HK$0.7 each and a promissory note worth HK$13,600,000. This transaction has resulted in a shift in the company’s shareholding structure, notably adding the vendor as a new significant shareholder with an 8.55% stake.

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