YSB Inc. (HK:9885) has released an update.
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YSB Inc. has announced its acquisition of a target company for approximately RMB1,034.85 million, which will be paid through a combination of cash and the issuance of 56,291,865 consideration shares under a general mandate. This transaction will make the target company a wholly-owned subsidiary of YSB Inc., integrating its financial results into YSB’s consolidated statements. Shareholders and potential investors are advised to exercise caution as the completion of the acquisition is subject to certain conditions.
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