IMPRESSION DHP (02695) intends to acquire some fixed assets.
Impression Dahongpao (02695) announced that its subsidiary Wuyishan Impression Dahongpao Cultural Tourism Co., Ltd. intends to acquire certain fixed assets from the seller Fujian Spring Catering Management Co., Ltd.
IMPRESSION DHP (02695) announced that it plans to acquire part of the fixed assets of Fujian Chun Tian Catering Management Co., Ltd. from the seller Wu Yi Shan IMPRESSION DHP Culture and Tourism Co., Ltd. (a wholly-owned subsidiary of the company).
The announcement stated that the transaction involves the decorative assets and supporting ancillary facilities and equipment assets of the Wu Yi Shan Da Hong Pao Experience Center - Impressions Tian Street (Impressions Jianzhou) located at 96 Da Wang Feng Nan Road, Tea Expo Park, Wu Yi Shan City, Fujian Province.
As of the date of this announcement, the acquirer has not entered into any binding agreement regarding the potential acquisition.
The transaction target is an investment asset under the cooperation agreement between the company and the seller. Considering the operating results of the seller, the company plans to terminate the cooperation agreement with the seller. In order to ensure the smooth implementation of the new project, maintain its operational independence and integrity, and achieve the company's investment return goals on time, the company has decided to repurchase the transaction target based on the independent third-party professional evaluation results. The potential acquisition is based on long-term strategic development considerations, in line with the company's development plans, beneficial for optimizing resource allocation, and in the interests of all shareholders.
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