Kong Sun Holdings Limited (HK:0295) has released an update.
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Kong Sun Holdings Limited has expanded its investment portfolio by acquiring a 30% interest in an undisclosed Target Company, involving a combined transaction value of RMB 50 million. The two-phase deal, structured as a 20% equity subscription and a 10% equity purchase, will not make the Target Company a subsidiary, nor will its financial results be consolidated with Kong Sun Holdings’ financial statements. This transaction is classified as discloseable, adhering to the reporting and announcement requirements of the Listing Rules due to its percentage ratio.
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