Goldwiz purchases Smart Idea stake for HK$89 mln

Goldwiz Holdings(0586) announced to purchase 23% stake of Smart Idea and HK$2.306 mln shareholders loans for HK$89 mln. Of the total cost , HK$50 mln will be paid by issuing the first  batch of consideration shares at HK$0.5 per share. The rest HK$39 mln will be paid  in cash or by issuing the second batch of consideration shares at HK$0.5 each.The issue price of HK$0.5 is 25% premium to the closing price of March 21 and 4.6% premium to the average price of the previous ten days. The first batch of consideration shares accounted for 14.1% of the enlarged existing issued shares and the second group batch of consideration shares accounted for 9.9% of the enlarged capital.

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