NIU HOLDINGS (08619) to Acquire 60% Stake in Smart Building Management System Limited for HK$7.5 Million

Stock News11-27

NIU HOLDINGS (08619) announced that on November 27, 2025, its wholly-owned subsidiary Kelca Limited entered into a sale and purchase agreement with Mr. Li Wenjun, the seller, and Smart Building Management System Limited (the "Target Company"). Under the agreement, the seller conditionally agreed to sell, and the buyer conditionally agreed to acquire, a 60% equity stake in the Target Company for HK$7.5 million. Upon completion, the buyer will hold a 60% stake in the Target Company, which will become an indirect non-wholly-owned subsidiary of NIU HOLDINGS. The financial performance of the Target Company will be consolidated into the group's financial statements.

The Target Company is a Hong Kong-based limited liability company primarily engaged in IT services, specializing in advanced, reliable, and comprehensive building automation solutions. Its core business spans four key areas: Building Management Systems (BMS), Energy Management Systems (EMS), hotel room management, and home automation systems. The company offers end-to-end services, from design and supply to installation and maintenance, ensuring system stability and efficiency while catering to the specific needs of clients across commercial, residential, and hospitality sectors.

The board believes the acquisition strategically positions the group to leverage IT capabilities and expand into the high-growth smart building and automation market. This move aligns with global trends in sustainability, energy efficiency, and digital transformation. The Target Company, as a provider of innovative solutions in building management, data center cabinet management, hotel room management, and home automation, brings a mature and diversified product portfolio that complements the group's existing engineering and IT service capabilities.

This expansion is expected to diversify the group's revenue streams and further strengthen its IT division. Additionally, the Target Company's core competencies are anticipated to create significant synergies with the group's operations, enhancing operational efficiency and competitive advantage.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment