donkeykongclassic| AEON (00984.HK): Gain of HK$9.993 million from the sale of AEON Credit shares at HK$6.04/share

News summary

AEON (00984.HK) sells 0.40% stake in AEON Credit to AEON Financial Services (Hong Kong) at HK$6.04 per sharedonkeykongclassic, with a total transaction value of approximately HK$9.993 million, aiming to enhance the cash position and optimize capital operations.

Newsletter text

[AEON (00984.HK) signed a share sale agreement with its financial services subsidiary]

AEON Company (00984.HK) disclosed on May 17 that it reached an agreement with AEON Financial Services (Hong Kong) Co., Ltd. to sell AEON Credit Shares 1donkeykongclassic, 654,500 shares, accounting for 0.40% of the issued share capital.

The market price per share is set at HK$6.04, and the total transaction price is HK$9.993 million.

The board of directors believes that this move provides the company with the opportunity to realize investment and improve cash flow, thereby diverting more financial resources into the group's daily operations.