Guorui Real Estate co. Ltd. surged more than 18% to complete its acquisition of the remaining 5% stake in Wise Expert

2022-05-24 0 By

Guorui Real Estate surged more than 18% to HK $1.23, hitting a four-month high of HK $1.27 and valuing the company at HK $3.9 billion.Guorui real estate announces the completion of the second very significant acquisition of the entire issued share capital of WISE EXPERTINVESTMENT LIMITED and related transactions.According to the announcement, conditions precedent II of the Very significant acquisition and related transaction agreement for The acquisition of the entire issued share capital of Wise Expert Investment Limited by Guorui Real Estate has been fully achieved and the second completion date is December 31, 2021.The remaining 5% of the sale shares were transferred to Guorui Property by the vendor on the same day.