On December 22, 2023, Kuangshi Holdings issued the "Discloseable Transaction - Further Redemption of the Interests of the **", announcing the further redemption of the interests of Zhu Runle in No. 82 Private Placement **Investment** (the third **). Under the third redemption, the carrying amount of the third** interest as at 30 June 2023 was approximately RMB31,295,000. Under the Listing Rules, the third redemption constitutes a discloseable transaction.
For the year ended 31 December 2022, the Company subscribed for three ** interests with an aggregate subscription amount of RMB100,000,000, and as at 30 June 2023, the total carrying value of these ** interests was approximately RMB105,202,000. The proceeds of the third redemption amounted to approximately RMB32,323,000 and was deposited into the bank account of Ningbo Kuangshi. Shanghai Zhurun Investment is the manager, and the ultimate owners are Mr. Le Zhengnan and Mr. Li Ye, holding 60% and 40% of the interests respectively. The Directors consider that the Third Redemption is fair and reasonable in accordance with normal commercial terms and is in the interests of the Company and the shareholders as a whole.
Under the Listing Rules, the third redemption constitutes a discloseable transaction. According to the announcement, the important information is as follows: Queungs Holdings*** will redeem the interest in the third **, which has a carrying value of approximately RMB31,295,000 as at June 30, 2023.
The executive directors are Mr. Jin Jianxin and Mr. Tian Dong;The non-executive Director is Mr. Shao Ping;and the independent non-executive Directors are Mr. Lai Chun Yu, Ms. Xu Qiong and Mr. Zhou Kai. As the applicable percentage rate for the third redemption is more than 5% but less than 25%, this constitutes a discloseable transaction and is subject to the notice and announcement requirements under Chapter 14 of the Listing Rules.
As of December 22, 2023**, the company's share price is 1HK$2 shares.
Announcement**: Disclaimer: This article is written by the robot, jointly incubated by Pencil Road and Hanxin Society, and the main data is provided by Hanguang Suwen. The content and data in this article are for reference only and do not constitute investment advice.