Texhong Increases Stake in Winnitex International to 90% Following Put Option Exercise

Reuters

06-06

Texhong Increases Stake in Winnitex International to 90% Following Put Option Exercise

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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Texhong International Group Ltd. published the original content used to generate this news brief on June 06, 2025, and is solely responsible for the information contained therein.

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