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FULLSHARE (00607.HK) jointly exercises the option to spend 5 million Australian Dollar to repurchase shares.
FULLSHARE (00607.HK) announced that the joint venture Sparrow Early Learning exercised the option to repurchase the first batch of 5.8534 million shares at a price of 0.8542 Australian Dollar per share, with a total cash consideration of 5 million Australian Dollar. The estimated selling profit is 2.17 million Australian Dollar (approximately 9.42 million RMB). After the completion, the company will Hold approximately 19.29% equity in Sparrow Early Learning. Sparrow Early Learning may repurchase the remaining 18.1598 million shares during the purchase period.
Fullshare Holdings Updates Share Registrar in Hong Kong
Fullshare (00607): Related amounts have not been paid back, involving 6.64 billion yuan.
fullshare (00607) announced that the company and its board of directors have noticed c transmission Equipment Group Co., Ltd.*...
Fullshare (00607.HK): Several buying and selling agreements of China High Speed (00658.HK) subsidiary have not been approved by the board of directors. An independent committee has been established to investigate.
Fullshare (00607.HK) announced that its subsidiary China High-speed Transmission (00658.HK) made an announcement of insider information yesterday (24th). Fullshare stated that several subsidiaries of China High-speed Transmission are engaged in trade business and have entered into several commodity trading agreements around 2023. As of October 31 this year, the total amount of receivables and prepayments under these agreements reached approximately 6.64 billion RMB. As of yesterday, these related payments have not been settled. Furthermore, several counterparties of these agreements have failed to settle the related payments upon maturity.
Fullshare to Sell Back 24% Stake in Sparrow Early Learning for AU$20 Million
Fullshare (00607.HK) plans to sell off its education business and realize 20 million Australian dollars.
Fullshare (00607.HK) announced that it may completely sell its Australian education business - Sparrow Early Learning, holding 24.01% of the shares, at a maximum price of 20 million Australian dollars (approximately 95.35 million RMB). The estimated proceeds from the sale are about 35.69 million RMB.
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