[ET Net News Agency, 17 December 2021] Vital Innovations Holdings Limited (06133) said
the company entered into a non-legally binding memorandum of understanding (the MOU) with
a potential vendor in relation to a possible acquisition by the company (or its designated
nominee) of a 70% to 90% equity interest in a company incorporated in the PRC (the target
company) from the potential vendor.
The target company is principally engaged in mobile phones trading business. It is also
a top international smart phones brand's authorised distributor in the PRC. (RC)