Core Viewpoint - Ascend Group Holdings Limited, a wholly-owned subsidiary of Gao Sheng Group Holdings (01283.HK), has entered into a conditional sale agreement to acquire a 20% stake in Deheng Construction Development for HKD 24 million, which will be paid through a combination of cash and shares [1] Group 1: Acquisition Details - The acquisition price is set at HKD 24 million, with HKD 3 million to be paid in cash and HKD 21 million through the issuance of shares [1] - The target company, Deheng Construction Development, is registered in Hong Kong and has been providing construction services for over six years [1] Group 2: Strategic Rationale - The board believes that the acquisition will enhance the group's position in the construction industry [1] - The synergy expected from the acquisition is attributed to the target company's experience and expertise, which will complement the group's established client network, including major contractors and government entities [1] - The acquisition is seen as a foundation for the long-term development of the group, with plans to explore additional business opportunities that align with the current operational portfolio [1]
高升集团控股(01283.HK)拟2400万港元收购德恒建筑发展20%股份