VSING Limited announced that V Sing Global Limited, acquired under a major transaction completed in 2025, met the HK$7.80 million Net Profit After Tax guarantee for the financial year ended 31 December 2025. An auditor’s certificate dated 30 March 2026 confirmed the achievement.
Under the sale-and-purchase agreement disclosed on 21 March 2025 and detailed in the circular of 30 June 2025, the vendors had jointly and severally guaranteed the profit threshold. Because the target group’s audited earnings met the requirement, the escrow agent will release all escrowed consideration shares to the vendors within ten business days of the certificate’s issuance.
If the profit target had been missed, VSING would have been entitled to compensation—either in cash or through the repurchase of consideration shares at nil consideration. The confirmation of the profit target removes this contingent risk and finalizes the consideration structure for the acquisition.
The board noted the fulfillment of the guarantee and confirmed that Chairman Ngu Sing King, together with the executive and independent non-executive directors, has accepted full responsibility for the announcement’s accuracy.
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