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Universal Technologies Holdings Limited — M&A Activity 2021
Nov 5, 2021
49633_rns_2021-11-05_bc6999e7-8d34-4f3c-915b-3aa24bf1a183.pdf
M&A Activity
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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.
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UNIVERSAL TECHNOLOGIES HOLDINGS LIMITED 環球實業科技控股有限公司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 1026)
COMPLETION OF THE ACQUISITION OF HOORAY SECURITIES LIMITED AND HOORAY CAPITAL LIMITED
References are made to the announcements (the “ Announcements ”) of Universal Technologies Holdings Limited (the “ Company ”) dated 25 May 2021 in relation to the acquisition of the entire issued share capital of Hooray Securities Limited and Hooray Capital Limited (the “ Target Companies ”). Unless the context otherwise requires, capitalized terms used in this announcement shall have the same meanings as defined in the Announcements.
COMPLETION OF THE ACQUISITION
The Board is pleased to announce that completion of the Acquisition Agreement took place on 3 November 2021. Following the completion, the Target Companies have become indirect wholly-owned subsidiaries of the Company, and the financial results of the Target Companies will be consolidated into the consolidated financial statements of the Company.
By Order of the Board UNIVERSAL TECHNOLOGIES HOLDINGS LIMITED Chen Jinyang Chairman and Chief Executive Officer
Hong Kong, 5 November 2021
As at the date of this announcement, the Board of Directors of the Company comprises three executive Directors namely Mr. Chen Jinyang (Chairman and Chief Executive Officer), Ms. Zhu Fenglian and Ms. Zhang Haimei; one non-executive Director namely Mr. Xuan Zhensheng; and three independent nonexecutive Directors namely Dr. Cheung Wai Bun, Charles, J.P., Mr. David Tsoi and Mr. Chao Pao Shu George.