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Geehy China, Apextech's Subsidiary, Set to Acquire 50.56% Stake in Hong Kong-Listed Megain Holdings for HK$168 Million, Launching Capital Strategy in Hong Kong Stock Exchange for Chip Sector
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Author：小编
On January 24th, Apextech (002180.SZ) disclosed that its subsidiary, Geehy China, intends to acquire a 50.56% controlling interest in Hong Kong-listed Megain Holdings. This acquisition will be executed through an indirectly wholly-owned subsidiary at a cost of HK$168 million. The deal encompasses the purchase of 211 million existing shares and the subscription for 103.75 million new shares. Upon the transaction's culmination, Geehy China will emerge as the dominant shareholder of Megain Holdings, signifying a pivotal industrial consolidation and acquisition within the Hong Kong stock market landscape.
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