Zhonglian Development Holdings plans to acquire a 20% stake in NVTH Limited, a company engaged in RWA tokenization, for HK$100 million

According to ChainCatcher, as reported by Zhitong Finance, China United Development Holdings (00264.HK) has announced that it plans to acquire 20% of the entire issued share capital of NVTH Limited, a company engaged in RWA tokenization-related business under NVTSH Limited, for a consideration of HKD 100 million (subject to adjustment). Of this amount, HKD 40 million will be paid in cash, and HKD 60 million will be settled by issuing and allotting 42.253 million consideration shares at an issue price of HKD 1.42 per share.