Core Viewpoint - The acquisition of a 20% stake in 德恒建筑发展有限公司 by Ascend Group Holdings Limited is expected to strengthen the company's position in the construction industry and enhance market penetration and customer base [1] Group 1: Acquisition Details - Ascend Group Holdings Limited plans to acquire 20% of the issued shares of 德恒建筑发展有限公司 for a total consideration of HKD 24 million [1] - The payment will be made in two parts: HKD 3 million in cash and HKD 21 million through the issuance of shares at HKD 1.4 per share, representing a premium of approximately 1.4% over the last closing price of HKD 1.38 [1] Group 2: Strategic Implications - The target company has over six years of experience in providing general construction services, including interior decoration, renovation, and extension works [1] - The acquisition is expected to create synergies by combining the company's strong client network, which includes major contractors and government entities, with the target company's expertise and professional knowledge [1] - This strategic move aims to provide more comprehensive services to clients and expand the company's market presence in the construction sector [1]
高升集团控股(01283)拟2400万港元收购德恒建筑发展有限公司20%股权