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ArtGo Holdings Limited — Capital/Financing Update 2021
Dec 15, 2021
50804_rns_2021-12-15_5ee64f3d-9cca-4ebc-837d-b04cb1081f06.pdf
Capital/Financing Update
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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
ARTGO HOLDINGS LIMITED 雅高控股有限公司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 3313)
COMPLETION OF DISCLOSEABLE TRANSACTION IN RELATION TO THE DISPOSAL OF 51% ISSUED SHARE CAPITAL OF THE TARGET COMPANY
References are made to the announcement and supplemental announcement issued by ArtGo Holdings Limited (the ‘‘Company’’) on 7 September 2021 and 15 November 2021 respectively (collectively, the ‘‘Announcements’’) in relation to the entering into of the conditional sale and purchase agreement between the Purchaser and the Vendor in respect of the Disposal. Unless otherwise specified in this announcement, terms used herein shall have the same meanings as those defined in the Announcements.
The Board is pleased to announce that all the conditions precedent set out in the sale and purchase agreement have been fulfilled and the Completion took place on 15 December 2021. Upon Completion, the Group will cease to hold controlling equity interest of the Target Company and accordingly, the financial results of the Target Company (and its subsidiaries) will no longer be consolidated into the financial statements of the Company and will be treated as an associate company in the Company’s financial statements.
By Order of the Board ArtGo Holdings Limited Wu Jing Chairman and Executive Director
Hong Kong, 15 December 2021
As at the date of this announcement, the executive Directors are Mr. Gu Weiwen, Mr. Zhang Jian, Ms. Wu Jing and Mr. Wan Jian; the non-executive Director is Mr. Gu Zengcai; and the independent non-executive Directors are Ms. Lung Yuet Kwan, Mr. Hui Yat On and Mr. Zhai Feiquan.