Cheerwin Completes Hebei Kangda Acquisition

MT Newswires Live01-26

Cheerwin Group (HKG:6601) has completed the acquisition of Hebei Kangda for HK$495 million, according to a Monday Hong Kong bourse filing.

The company said all conditions under the acquisition agreement have been fulfilled, with industrial and commercial registration completed and the transaction closing on Jan. 23.

Following completion, Hebei Kangda has become an indirect wholly owned subsidiary of Cheerwin, and its financial results will be consolidated into the group's financial statements.

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