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    1410   KYG290121048

EDVANCE INTERNATIONAL HOLDINGS LIMITED

(1410)
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Edvance International : DISCLOSABLE TRANSACTION - COMPLETION OF ACQUISITION OF PROPERTIES

05/04/2021 | 07:51am EDT

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the content of this announcement.

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 1410)

DISCLOSABLE TRANSACTION -

COMPLETION OF ACQUISITION OF PROPERTIES

Reference is made to the announcements of the Company published on 26 January 2021 and 8 February 2021 in relation to the Acquisition (the "Announcements"). Capitalised terms used herein shall have the same meanings as those defined in the Announcements unless the context requires otherwise.

The Board is pleased to announce that all the conditions precedent to the Formal Agreement, which were entered into on 8 February 2021 pursuant to the terms and conditions of the Provisional Agreement, have been fulfilled and Completion took place on 4 May 2021 in accordance with the terms and conditions of the Formal Agreement.

Upon Completion, the Purchaser, which is an indirect wholly-owned subsidiary of the Company, has become the sole owner of the Properties.

By order of the Board

Edvance International Holdings Limited

Liu Yui Ting Raymond

Chairman, Chief Executive Officer and Executive Director

Hong Kong, 4 May 2021

As at the date of this announcement, the executive Directors are Mr. Liu Yui Ting Raymond, Mr. Lee Francis Sung Kei, Mr. Von John, and Mr. Lam Tak Ling, the non-executive Directors are Dr. Tang Sing Hing Kenny and Mr. Lo Wai Ho Ashley, and the independent non-executive Directors are Mr. Yu Kwok Chun Raymond, Mr. Ng Tsz Fung Jimmy, Mr. Chan Siu Ming Simon and Mrs. Wong Hung Flavia Yuen Yee.

Disclaimer

Edvance International Holdings Ltd. published this content on 04 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 May 2021 11:50:15 UTC.


© Publicnow 2021
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Financials
Sales 2021 411 M 52,8 M 52,8 M
Net income 2021 34,7 M 4,47 M 4,47 M
Net cash 2021 46,0 M 5,92 M 5,92 M
P/E ratio 2021 14,4x
Yield 2021 2,00%
Capitalization 633 M 81,5 M 81,5 M
EV / Sales 2020 0,79x
EV / Sales 2021 1,11x
Nbr of Employees 128
Free-Float 37,3%
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Managers and Directors
Yui Ting Liu Chairman & Chief Executive Officer
Sui Cheong Tang Director-Technical Services
John Von Executive Director & Compliance Officer
Wai Chi Law Director-Internal Control & Compliance
Chun Fai Yuen Secretary & Compliance Officer