S.A.S. Dragon Holdings Limited (HK:1184) has released an update.
S.A.S. Dragon Holdings Limited has gained control over V & V Technology following the appointment of Ms. Carmen Yim as a non-executive director, leading to the integration of V & V Technology’s financial results into the company’s consolidated financial statements. This strategic move, which is regarded as an acquisition due to the company’s significant influence and shared board members, positions V & V Technology as a subsidiary of the parent company. The transaction is categorized as discloseable under the Listing Rules, due to its significance.
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