Guan Chao Holdings Limited has announced a Memorandum of Understanding (MOU) regarding a potential acquisition involving a company incorporated in the British Virgin Islands. The target company, 51% owned by Infinity Energy, is involved in energy technology through its subsidiaries Jiangsu Kaichen Energy Co., Ltd. and Nantong Hefan Energy Technology Co., Ltd. The preliminary evaluation of the target equity is estimated at no more than HK$200 million. Detailed terms, including market value and transaction timeline, will be determined through further discussions between BetaTech and Infinity Energy, with the results formalized in a definitive agreement. The MOU includes an exclusivity period of three months, during which Infinity Energy agrees not to engage in discussions with other parties without BetaTech's consent.
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