[ET Net News Agency, 31 December 2019] China Ever Grand Financial Leasing Group Co.,
Ltd. (00379) said its subsidiary Elegant Basic Investments Limited entered into an
agreement with Simagi Finance Company Limited (the target company) to subscribe for 8
million subscription shares at the subscription price of HK$5.00 per subscription share.
The consideration will be HK$40 million.
Upon completion, it will hold approximately 7.46% of the enlarged share capital of the
target company.
The target company is principally engaged in money lending business. (RC)