Founder Holdings' Unit to Acquire 100% Stake in Mobile Internet Company

MT Newswires Live

2024/12/31

Founder Holdings' (HKG:0418) subsidiary Beijing Founder Electronics agreed to acquire the 100% stake in Tianjin Founder Handwriting Digital Technology from the controlling shareholder and a substantial shareholder of the company for 3.6 million yuan, a Tuesday Hong Kong bourse filing said.

The acquisition will be funded through the internal resources of the company, and upon the completion of the transaction, the target will become a wholly-owned subsidiary of the company.

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