SYNTRUST GK (08629) to Acquire Construction Engineering Testing Service Provider for RMB10.71 Million

Stock News2025-12-29

SYNTRUST GK (08629) announced that on December 29, 2025, the company entered into a share transfer agreement with the seller, Gaozhou Anjian State-owned Assets Operation Co., Ltd., whereby the seller conditionally agreed to sell a 51% equity interest in the target company, Gaozhou Gaoxin Engineering Testing Co., Ltd., for a total consideration of RMB10.71 million. Upon completion, the target company will become a non-wholly-owned subsidiary of the company, and its financial results will be consolidated into the Group's financial statements. The target company is primarily engaged in providing construction engineering testing and inspection services in Gaozhou City. The Board of Directors is actively considering and exploring opportunities to expand into other cities in Western Guangdong. Following detailed research and discussions with the target company, the Directors believe there is strong demand for testing and inspection services in Gaozhou City. The target company is a mature enterprise possessing the necessary qualifications, an established customer base, and an experienced operational team. The Board believes the acquisition will enable the company and the target company to leverage the company's extensive experience in providing construction engineering testing services and the target company's solid position in Gaozhou to develop the local testing and inspection services market.

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