Advised L.K. Technology Holdings Limited (stock code: 558) (“L.K. Tech”) on major transactions in relation to an urban renewal project involving a disposal of properties at a consideration involving (i) a monetary consideration of RMB350 million; and (ii) the title to the redeveloped properties which were estimated to have a gross development value of approximately RMB1,249 million.
The transactions have been approved by a written shareholder’s approval in lieu of holding a general meeting pursuant to Rule 14.44 of the Listing Rules.
L.K. Tech is a company listed on the Main Board of The Stock Exchange of Hong Kong Limited. L.K. Tech Group is principally engaged in the design, manufacture and sales of hot chamber and cold chamber die-casting machines, plastic injection moulding machines, computerised numerical controlled machining centres and related accessories. L.K. Tech Group is also engaged in steel casting.