S.A.S. Dragon Holdings Limited (HK:1184) has recently provided an update on its latest development. The company has successfully gained control over V & V Technology, following the appointment of Ms. Carmen Yim as a non-executive director. This move has allowed for the integration of V & V Technology’s financial results into the company’s consolidated financial statements.
This strategic decision is seen as an acquisition, given the company’s significant influence and shared board members with V & V Technology. As a result, V & V Technology is now considered a subsidiary of S.A.S. Dragon Holdings Limited. The transaction has been classified as discloseable under the Listing Rules, highlighting its importance in the company’s operations.
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