Core Viewpoint - The company is involved in a significant acquisition deal to purchase 100% of the shares of Kun Yuan Assets Limited from China Jin Hong Holdings Limited, which may constitute a major acquisition and potential connected transaction [1] Group 1: Acquisition Details - The acquisition agreement was signed by Zheng Nenghuan, the new chairman and executive director, on November 3, 2025, with a total consideration of HKD 300 million [1] - Kun Yuan Assets Limited is a Hong Kong registered company that holds 100% of Shenzhen Jin Xuan Technology Co., Ltd., which possesses land use rights for a specific plot in Shenzhen [1] - The seller, China Jin Hong Holdings Limited, is fully owned by Tang Judie, who is also the spouse of Zheng Nenghuan and holds 30% equity in the offeror under a mandatory unconditional general offer [1] Group 2: Board's Response - Following the suspension of trading on November 4, 2025, the board reviewed the pros and cons, feasibility, and legality of the acquisition, with differing opinions among board members regarding the authorization of the agreement [2] - The board expressed concerns about the company's financial capacity to pay the cash consideration for the acquisition and the potential perception of the acquisition as a defensive action by the stock exchange [2] - Ultimately, the board voted against the acquisition in its current form, with no intention to proceed with the acquisition at this stage [2] Group 3: Trading Resumption - The company has applied for the resumption of trading of its shares on the stock exchange starting from November 11, 2025 [3]
RAFFLESINTERIOR：新任董事会主席郑能欢拟收购鲲元资产100%股权 11月11日复牌