Smart Globe's Unit Completes Land Acquisition in Zambia

MT NewswiresJan 3 18:33

SMART GLOBE (01481.HK) has completed the acquisition of land in Zambia.

On January 3, Glorious Group (01481.HK) announced that following the government's (referring to the President of Zambia, whose consent for the transfer of the land was issued through the Zambian Ministry of Lands) consent to transfer the land and the receipts for real property transfer tax and tax clearance certificate issued by the Zambian Revenue Authority obtained by Heng Qu on December 21 and December 22, 2024 (which is one of the prerequisites for completing the acquisition), all conditions precedent under the sale and purchase agreement have been met. Therefore, the acquisition was completed on January 3, 2025. After the completion of the acquisition (and before the completion of the share subscription), the

Gelonghui FinanceJan 3 16:45

Under the three major pressures of costs, supply, and demand, when will the paper industry Sector "hit bottom and rebound"?

The "other side" of the continuous decline in the paper Sector in recent days is that many cardboard factories have started to raise prices as a "self-rescue" measure.

Zhitong FinanceDec 18, 2024 16:52

Smart Globe Holdings Acquiring Land in Zambia, Enters MOU for Business Cooperation

MT NewswiresNov 27, 2024 18:43

Smart Globe (01481.HK) issued bonds to raise over 20 million, spending 3.5 million US dollars to buy land for building a logistics center.

Smart Globe (01481.HK) announced the acquisition of land adjacent to the Zambia and Congo (Kinshasa) border from an independent third party, Heng Qu, planning to develop a one-stop logistics center for cross-border logistics operations, for a cash consideration of 3.5 million USD. At the same time, Du Chunqing (the ultimate beneficial owner of Heng Qu) will subscribe for shares of the company's subsidiary, Huge Cheer, for 5.43 million yuan; and the company will issue convertible bonds with a principal amount of 20.1 million yuan at a conversion price of 1.2 yuan, which represents a premium of 100% over the closing price on the last trading day (26th). The net proceeds are intended to be used as general working capital for the logistics business.

AASTOCKSNov 27, 2024 02:51

Smart Globe Holdings Expands in African Logistics Sector

TipRanksNov 26, 2024 22:08