Digital World acquires 8% shareholding in China Rice Wine Company

Digital World Holdings (0109) announced to acquire 8% shareholding in Well Pacific Investments, a wine company in China, for HK$9.98 mln, HK$4.4 mln of which would be paid in cash and the rest would be financed by issuing 18.6 mln consideration shares at HK$0.3 each. The involved shares represented about 2.82% of the enlarged shares capital of the company. 

The consideration price of HK$0.3 has 3.23% discount to the closing price before suspension and Digital World Holdings resumed trading in the morning.

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