HONG
KONG, CHINA - Media
OutReach - 12 June 2019 - WWPKG
Holdings Company Limited ("WWPKG", together with its subsidiaries, the "Group";
stock code: 8069), a leading travel agent in Hong Kong, announced that the
Company as an investor entered into a cornerstone investment agreement with
Feiyang International Holdings Group Limited (''Feiyang'') and Giraffe Capital
Limited, pursuant to which the Company has agreed to subscribe for the investor
shares of Feiyang at the offer price. The maximum aggregate subscription price
for the Investor Shares payable by the Company under the Cornerstone Investment
Agreement shall be HK$5.0 million. The Group believes that its Cornerstone Investment will provide overseas
development opportunity for the Group's businesses particularly by tapping into
the market in the People's Republic of China (''PRC'').
Feiyang is a
well-established travel service provider based in Ningbo, Zhejiang Province of
the PRC. Its principal businesses include (i) the design, development and sales
of outbound travel package tours; (ii) the design, development and sales of
free independent traveller products; and (iii) the provision of other ancillary
travel related products and services, including visa application processing,
admission tickets to tourist attractions, conferencing services, local
transportation and arranging purchase of travel insurance for its customers. Today,
the Group entered into a framework cooperation agreement with Feiyang, pursuant
to which both parties shall collaborate to create and provide travel related
products and services for the tourism market in Hong Kong and the PRC.
Mr. Chun Ning
YUEN, Chief Executive Officer and Executive Director of WWPKG, said, "The
Group believes that, by offering regional expertise and complementary
advantages to each other on strategic development, the cooperation and
collaboration with Feiyang will provide overseas development opportunity for
the Group's businesses particularly by tapping into the PRC market."
Công ty phát hành chịu trách nhiệm cho nội dung của thông báo này