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Envision Greenwise acquires Target Company via share transaction

April 10, 2025 at 05:05 PM UTCBy FilingReader AI

Envision Greenwise Holdings Limited announced a share transaction to acquire 100% of the equity interests in a target company involved in waste management and lithium battery handling, according to its release on April 10, 2025. The acquisition, valued at HKD35,000,000.00, will be settled through the issuance of 4,545,455 new shares at HKD7.7 per share to the vendor, Jade Destiny Holdings Limited. The acquisition is subject to customary conditions, including the approval of the listing of the consideration shares and satisfactory due diligence. Envision Greenwise expects the deal to enhance its green energy businesses and reverse supply chain management capabilities, by adding international technology, resources and industry relationships. The acquired company also has a battery handling plant in Singapore. Following completion, the Target Company will become a wholly owned subsidiary. The Consideration Shares will represent approximately 0.33% of the issued share capital of the Company as at the date of the announcement.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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