Green Economy Development Secures New Acquisition

Green Economy Development Limited (HK:1315) has released an update.

Green Economy Development Limited, a company incorporated in the Cayman Islands, has conditionally acquired the sole share of a target company for HK$87,000, making it a wholly-owned subsidiary. This transaction is significant enough to require disclosure under the Listing Rules, as the involved percentages exceed 5% but are below 25%, though shareholder approval is not necessary. Post-acquisition, the target company will hold an 85% equity interest in the Target Subsidiary.

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