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L'Oreal SA Announces Proposal to Acquire Magic Holdings International Ltd
L'Oreal SA announced that it has made a proposal to acquire all of the shares of Magic Holdings International Ltd, a company listed in the Hong Kong Stock Exchange which specializes in cosmetic facial masks. The proposed price is HKD 6.30 per share. Six key shareholders, representing 62.3% of the company’s equity, are already committed to supporting L’Oreal SA’s proposal.
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