MOG Holdings Limited (SEHK:1942) entered into an agreement to acquire Positive Oasis (Shenzhen) Shiye Company Limited from Tang Jun for approximately HKD 140 million on July 21, 2022. Under the terms, MOG will issue 98,992,805 shares at HKD 1.39 per share to Tang Jun and accept the due loan to Positive Oasis from Tang Jun. The deal is subject to approval from Stock Exchange, board of MOG, listing of shares, due diligence by MOD. The deal is expected to close on October 20, 2022. As of July 21, 2022, The Directors provided with the supplemental information in relation to the Acquisition.

MOG Holdings Limited (SEHK:1942) completed the acquisition of Positive Oasis (Shenzhen) Shiye Company Limited from Tang Jun on September 6, 2022.