Simplicity Holdings (08367) subsidiary plans to acquire a series of assets for 5 million Hong Kong dollars.

Simplicity Holdings (08367) announced on September 23, 2024 that its indirect wholly-owned subsidiary, Junxuan Engineering Limited, has entered into a purchase agreement with the seller, Xili Limited, to purchase assets for a consideration of HK$5 million. The consideration is based on the current market value of similar assets, determined by both parties through fair negotiations according to normal commercial terms. The assets to be purchased include 3 air cushion container trucks, 6 air cushion trailers, 2 38-ton crane trucks, and 4 sets of professional aircraft frame hoists, as well as two sets of XWB aircraft frame hoists.