KUALA LUMPUR: Golden Destinations Group Bhd is expanding its footprint to Hong Kong through a share sale and purchase agreement to secure a 70 per cent stake in Double Happiness Holidays Ltd.
Its total proposed investment of HK$700,000 (about RM364,600) includes acquiring 200,000 existing shares from Chong Ching Lee for HK$200,000 and subscribing to 500,000 new shares in Double Happiness for HK$500,000.
The subscription will inject fresh capital to support the Hong Kong business's development and growth.
Upon completion of the acquisition, Yung Sing Wah and Chong will retain 20 per cent and 10 per cent respectively.
