In his hands Richard Shiao He also typically passed the majority package of the CAE shares Marswith the General Assembly of the “yellow” unanimously approve of the transfer of shares to the Canadian businessman.
The new era for the Mars basketball team has created high expectations for team fans, with a large number of them creating a regular stand at the General Assembly, celebrating and with smoke, the change of page in the OEM, with the acquisition of shares by Richard.
On the sidelines of the General Assembly, however, a series of scheduled moves were made known for the next day of Mars, with the Vice President of the OEM, Lefteris Arvanitis, stating: “They will initially invest in the stadium, in infrastructure.
Richard Hsiao is officially Aris BC new owner and Nick Galis Hall in Thessaloniki is on fire. pic.twitter.com/HcUyc7VYDb
– Harris Stavrou (@harris_stavrou) July 2, 2025
The shares will be taken by an investment fund. It will be based in Europe, to make the process more easily, to pass the control of the Vocational Sports Committee faster. They will decide what members of the administration will be. They already have two people, you know them. They will increase share capital, at least € 3.5 million. In December 2025 the last installment of debt repayment will be given. “