On 12 December, 2021, 00253.HK announced that on 10 December 2021, the Purchaser (a subsidiary of the Company) entered into a Provisional Sale and Purchase Agreement with the Vendor, pursuant to which the Purchaser agreed to acquire all of the issued shares of the Target Company from the Vendor and to sell the Debt for a consideration of HK$31 million.
The target company (i.e. Tim Tho Limited) is a limited company incorporated in Hong Kong whose principal business is property investment. The only asset of the target company is the property and its lease. The property is a bungalow at 19 Moritz Avenue, 33 Sheung Shui Kok Road, New Territories, Hong Kong.
This article originated from Grand Gateway
![Longhu Cheqiao New Territories red plate hot rush, this real estate is really fragrant[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)