[ET Net News Agency, 30 December 2019] Longfor Group Holdings Limited (00960) said its
subsidiaries Sail Link Holdings Limited (the purchaser) and Juntion Development Hong Kong
(Holding) Limited have entered into a framework agreement for the proposed acquisition of
shares in issue and proposed subscription of new shares in the share capital of Greentown
Service Group Co. Ltd. (Greentown Service) (02869).
The purchaser agrees to purchase 5% of the total issued share capital of Greentown
Service at a price of HK$7.7168. The total consideration of the acquisition is
approximately HK$1.08 billion.
Also, the purchaser intends to subscribe subscription shares in the capital of Greentown
Service, when aggregated with the sale shares, represents 10% of the total issued share
capital of Greentown Service as enlarged. (RC)