Texhong International Group Ltd. has announced the exercise of a put option related to its subsidiary, Winnitex International Group. As a result of the transaction, Texhong's stake in Winnitex International will increase from 80% to 90%, maintaining its status as a subsidiary. This move follows the receipt of a written notice from Mr. Nelson Wai to sell his 10% shareholding in Winnitex International back to Texhong. The estimated consideration for this transaction is approximately HK$246.8 million, with the final amount subject to adjustment based on the financial information of the JV Group up to the end of May 2025.
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