Smart Globe Restructures with Land Acquisition and Bonds

Smart Globe Holdings Ltd. (HK:1481) has released an update.

Smart Globe Holdings Ltd. has successfully completed the acquisition of land, a share subscription, and the issuance of convertible bonds, marking a significant restructuring of its subsidiary Huge Cheer. The company’s shareholding in Huge Cheer, now an indirect non-wholly owned subsidiary, has decreased to 80%, with proceeds from these transactions aimed at bolstering working capital for its logistics business. These strategic moves reflect Smart Globe’s efforts to capitalize on the investment potential of its newly acquired assets.

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