Newborn Town Inc. Completes Major Acquisition

Newborn Town Inc. (HK:9911) has released an update.

Newborn Town Inc. has completed a major acquisition, issuing 219,748,391 new shares at HK$4.50 each, which now constitutes approximately 15.57% of its enlarged share capital. This strategic move makes the target company a wholly-owned subsidiary, expected to significantly enhance the group’s financial results. Investors may find this expansion an intriguing opportunity as it potentially boosts shareholder value.

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