HKR International Limited Announces Disposal of Ace Spring Limited to Hong Kong-based Purchaser

Reuters
Sep 22
HKR International Limited Announces Disposal of Ace Spring Limited to Hong Kong-based Purchaser

HKR International Limited has announced the disposal of its indirect wholly-owned subsidiary, Ace Spring Limited, to a company incorporated in Hong Kong for investment holding purposes. The transaction involves the sale of a single ordinary share representing 100% of the issued share capital of Ace Spring Limited, along with the assignment of the Sale Loan. Ace Spring Limited is the sole legal and beneficial owner of the property in question. The ultimate beneficial owner of the purchaser is Ms. Liang Cuijuan, who also serves as the Purchaser Guarantor.

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