[ET Net News Agency, 27 June 2019] Hin Sang Group (International) Holding Co. Ltd.
(06893) said its subsidiary Hin Sang Group Holding Limited has agreed to buy 32% of the
entire issued share capital of Hin Fai International Holding Company Limited (Hin Fai)
from Zhou Lu Di at a consideration of HK$4.32 million. Upon completion, the company will
indirectly hold the entire equity interest in Hin Fai.
Hin Fai is principally engaged in the online sales of products developed by the group.
The acquisition of the remaining equity interest of Hin Fai by the company would take
advantage of facilitating the cross-border development and pave the way for expanding
international e-commerce. (RC)