Microware Group Expands Portfolio with New Share Subscription

Microware Group Ltd. (HK:1985) has released an update.

Microware Group Ltd. has announced the subscription of shares in a target company, with its wholly-owned subsidiaries agreeing to purchase a combined total of 2,500,000 shares for a sum of RMB50 million. These transactions will result in the group holding a 0.24% stake in the target company, but will not lead to the target’s financials being consolidated into Microware Group’s accounts. The deal is classified as a discloseable transaction according to the Listing Rules, necessitating a formal announcement due to its size relative to the company.

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