CHINA ORAL IND (08406) completes acquisition of all registered capital of Xinsuo Chenglong Weaving in Shishi City.
The announcement of China Oral Industry (08406) states that the company intends to acquire Shishi Xinsuo Chenglong Textile Co., Ltd. (the target company) for a total of 21.6 million Hong Kong dollars. All conditions precedent in the agreement have been satisfied, and the transaction will be completed on April 2, 2026. Upon completion, a total of 273 million shares of consideration shares have been issued to the seller at a price of 0.079 Hong Kong dollars per share according to the agreement. After completion, the target company has become an indirect wholly-owned subsidiary of the company, and its financial performance will be included in the group's consolidated financial statements.
China Oral Industries (08406) announced that it intends to acquire all registered shares of Xinsuo Chenglong Textile Co., Ltd. (the Target Company) for a total of HK$21.6 million. All conditions of the agreement have been satisfied, and the transaction will be completed on April 2, 2026. Upon completion, a total of 273 million shares of consideration shares have been issued to the seller at a price of HK$0.079 per share according to the agreement. After completion, the Target Company has become an indirect wholly-owned subsidiary of the Company, and its financial performance will be consolidated into the group's financial statements.
Related Articles
GLOBALSTRAT (08007) intends to offer a discount of approximately 16.98% to sell up to 37.7196 million shares. The net proceeds are expected to be approximately 78.8 million Hong Kong dollars.
US Stock Market Move | Estee Lauder Companies Inc. Class A (EL.US) falls more than 5%, plans to merge with Puig to create a new global beauty giant.
Zhejiang Express (00576): Wang Qiming nominated as a candidate for the company's executive director
GLOBALSTRAT (08007) intends to offer a discount of approximately 16.98% to sell up to 37.7196 million shares. The net proceeds are expected to be approximately 78.8 million Hong Kong dollars.
US Stock Market Move | Estee Lauder Companies Inc. Class A (EL.US) falls more than 5%, plans to merge with Puig to create a new global beauty giant.
Zhejiang Express (00576): Wang Qiming nominated as a candidate for the company's executive director
RECOMMEND
Hong Kong Stocks Surge! Buying Opportunity Or Wait And See? Analysts Provide Comprehensive Interpretation
02/04/2026
Narrative Drives Everything As China’s AI Newcomers Enter An Era Of Extreme Volatility, Retail Investors Flood In
02/04/2026
Fund Cohort Stocks Rally As Institutional Confidence In Hong Kong Equities Shows Signs Of Repair
02/04/2026
