Zhonglian Development Holdings plans to acquire 20% equity of NVTH Limited, a company related to RWA tokenization, for HKD 100 million

ChainCatcher news, according to Zhitong Finance, China United Development Holdings (00264.HK) announced that the company intends to acquire 20% of the entire issued share capital of NVTH Limited from the RWA tokenization-related business company NVTSH Limited, for a consideration of HKD 100 million (subject to adjustment), of which HKD 40 million will be paid in cash; and HKD 60 million will be paid through the allotment and issuance of 42.253 million consideration shares, with an issue price of HKD 1.42 per consideration share.