Mexan Secures Full Ownership of Target Company

Mexan (HK:0022) has released an update.

Mexan has completed the acquisition of the remaining 49% stake in a target company for HK$2.00, following a compulsory sale triggered by a termination event. This strategic move finalizes their control over the target company, marking the completion of the transaction that started with an initial 51% share acquisition. The transaction falls under discloseable transactions according to Hong Kong’s listing rules, tightening Mexan’s grip on the market.

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