Ajia Innogroup Holdings, Ltd. completed the acquisition of Union Passenger Limited for HKD 37.4 million.
July 25, 2022
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Ajia Innogroup Holdings, Ltd. (OTCPK:AJIA) entered into an agreement to acquire Union Passenger Limited for HKD 37.4 million on June 23, 2022. Ajia issued an aggregate 8,000,000 restricted share of Company common stock to Union shareholders as full consideration for the 100% interest in Union. The Board of the Company approved entry into the Agreement on June 23, 2022. The transaction closed on July 7, 2022, having an effective date of June 30, 2022.
Ajia Innogroup Holdings, Ltd. (OTCPK:AJIA) completed the acquisition of Union Passenger Limited on June 30, 2022.
Ajia Innogroup Holdings Ltd. is a holding company that operates its business in Hong Kong through its subsidiaries. The Company is solely focused on promotion of its catering, services and total solutions for restaurants in Asia. The Company's subsidiaries include Splendor Radiant Limited, which is engaged in the investment holding business; Ajia Creative Holdings Limited, which is engaged in the provision of food and beverage sales system setup and maintenance service, and Ajia Corporate Systems Architecture Solution Limited, which is engaged in the provision of money lending, insurance brokerage and business development trustee service. The Company is also looking for opportunities to inject certain businesses of restaurants and fast food shop.