Green Economy Development Limited has announced a transaction involving the sale of the entire issued share capital of its wholly-owned subsidiary, Prosper Ace Investments Limited, incorporated in the British Virgin Islands. The Sale and Purchase Agreement was signed on June 19, 2025. The consideration for the disposal is set at HK$1. The transaction also involves a Deed of Settlement concerning the waiver of current accounts between the Target Group and the Remaining Group. As of the announcement date, the Board of Green Economy Development comprises six executive Directors and three independent non-executive Directors.
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. Green Economy Development Ltd. published the original content used to generate this news brief on June 19, 2025, and is solely responsible for the information contained therein.