Da Sen Holdings Proposes to Acquire Hong Kong Trading Company for Approximately HK$9.5 Million, with Consideration to be Satisfied Entirely by Share Issuance

Da Sen Holdings Group Limited (01580.HK) announced that its wholly-owned subsidiary intends to acquire the entire issued share capital of a Hong Kong target company, which is primarily engaged in the procurement and sale of plywood and other construction materials, for a total consideration of approximately HK$9.5 million. The consideration will be satisfied entirely by the issuance of new shares. The transaction constitutes a major transaction of the company and is subject to the approval of the shareholders at an extraordinary general meeting.