Wan Kei Group Updates Acquisition of 51% Stake in Target Company

Reuters2025-12-24

<a href="https://laohu8.com/S/01718">Wan Kei</a> Group Updates Acquisition of 51% Stake in Target Company

Wan Kei Group Holdings Ltd. has provided a supplemental announcement regarding its acquisition of 51% of the issued share capital of a target company. The terms of the acquisition and consideration were agreed upon after arm's length negotiations, referencing a valuation prepared by Ascent Partners Valuation Service Limited and the target company's net asset value of approximately HK$2.7 million, along with its historical results and future business prospects. Following the acquisition, Wan Kei Group plans to appoint one of its directors to the board of the target company to oversee major decisions and strengthen management control. The target group is also planning to distribute a health supplement product in large offline personal care and health retail chains in Hong Kong and intends to develop its own proprietary brands to build long-term competitive advantages. All other previously disclosed information remains unchanged.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wan Kei Group Holdings Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251224-11966938), on December 24, 2025, and is solely responsible for the information contained therein.

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.

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