Lai Sun Garment (International) (HK:0191) has released an update.
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Lai Sun Garment (International) has announced significant changes to its agreements with Rosy Commerce, affecting the ownership of Harmonic Run. The new terms involve a repayment of over $4.4 million by Rosy Commerce and a buyback arrangement set to complete by the end of 2025, which will make Harmonic Run a wholly-owned subsidiary of Rosy Commerce. This move is part of a broader strategy associated with the development of the Novotown project in China.
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