VSING (08292) has announced that on July 9, 2026, the Group entered into a memorandum of understanding with an independent third-party seller. The agreement outlines the Group's intention to acquire, and the seller's intention to dispose of, all or a portion of the equity in Golfzon Hong Kong.
Both parties will actively advance negotiations and aim to finalize a definitive agreement and complete the proposed acquisition within three months. Golfzon Hong Kong is the largest and most technologically advanced indoor golf course operator in Hong Kong, providing highly realistic indoor golf sports and entertainment experiences for the general public and golf enthusiasts.
Golfzon possesses a strong brand reputation, a mature business model, and extensive network coverage in the local market. The target company operates 5 directly managed flagship stores and over 60 franchise locations in Hong Kong, achieving comprehensive and scaled market penetration. It has also successfully accumulated over 5,000 premium members.
These members are characterized by high spending power and strong loyalty, providing a stable and sustainable revenue stream. The Board of Directors believes the proposed acquisition aligns with the interests of the company and all shareholders, and will expand the Group's revenue sources and customer base.
Leveraging VSING's existing technology entertainment ecosystem, the acquisition aims to create a more compelling new entertainment experience integrating technology, sports, and social interaction.
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