Eternal Success (Hong Kong) Investment intends to sell 17.64% of SHANGHAI GROWTH (00770) for 12.5 million Hong Kong dollars.

Shanghai Growth (00770) announced that on December 27, 2024, the shareholder Hengye (Hong Kong) Investment Limited (as the seller) and Embition Holdings Limited (as the buyer) have entered into a sale and purchase agreement. The seller conditionally agrees to sell and the buyer conditionally agrees to purchase the sale shares, representing 17.64% of the total issued share capital of the company as of the date of the announcement, for a total consideration of HKD 12.5 million. The transaction is expected to be completed within 60 business days after the fulfillment of the conditions precedent set out in the agreement. The company will make a separate announcement at the appropriate time regarding the completion of the transaction.