Time Interconnect Technology Completes Acquisition of Dejinchang Investment

Reuters12-03
Time Interconnect Technology Completes Acquisition of Dejinchang Investment

Time Interconnect Technology Ltd. has completed the acquisition of the entire issued share capital of Dejinchang Investment Limited. As part of the transaction, 21,733,404 consideration shares were allotted and issued at an issue price of HK$15.184 per share to the vendor. Following this completion, Dejinchang Investment Limited has become a wholly-owned subsidiary of Time Interconnect Technology Ltd., and its financial results will be consolidated into the group's financial statements. The newly issued shares represent approximately 1.10% of the enlarged share capital of the company.

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