REDCO HEALTHY(02370): The equity interest of Ligao Real Estate in our company has been reduced from 75% to 51%.
Li Ka Health Life (02370) has announced that its lender, Zhongwan International Limited, also known as Li Ka Property Holdings Limited (Li Ka Property), has proposed to enforce the guarantee and acquire 48 million ordinary shares (target shares) of the company, which represent 24% of the company's issued share capital, at a price of HK$45.12 million.
REDCO HEALTHY (02370) announced that China International Limited (also known as Lik High Property Holdings Limited), the lender of the company, proposed to execute the guarantee and acquisition of 48 million ordinary shares (target shares) of the company, representing 24% of the company's issued share capital, at a price of 45.12 million Hong Kong dollars.
On July 3, 2026 (after trading hours), the company received a letter from the receiver informing that the sale had been completed on July 2, 2026, with the target shares transferred at a total value of 45.12 million Hong Kong dollars, excluding all stamp duties, agency fees, transaction fees, legal fees, receiver fees, and expenses, as well as any other third-party fees and expenses arising from the sale and execution of the target shares. Therefore, as of July 2, 2026, after the lender and receiver completed the sale, Lik High Property's equity in the company decreased from 75% to 51% (with the remaining 51% of the company's issued shares being collected and held by the receiver).
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