Core Viewpoint - NEXION TECH (08420) plans to sell its entire stake in Big Focus and Rich Joy to Muhammad Ridzuan Gurbaksh Bin Abdullah for a total consideration of HKD 500,000, to be paid in cash [1] Group 1: Company Overview - Big Focus is a wholly-owned subsidiary of 巨确, primarily engaged in investment holding, while 湖南渌江 is a wholly-owned subsidiary of 巨确, focusing on SaaS business in China [1] - Rich Joy is a wholly-owned subsidiary of 威发, also engaged in investment holding, and 耐信 is a wholly-owned subsidiary of 威发, operating in the SaaS sector in China [1] Group 2: Financial Performance - The group's SaaS business has shown poor long-term performance and unfavorable prospects, with operating losses reported [1] - Financial data for the target group indicates continued underperformance for the fiscal years 2023, 2024, and the nine months ending September 30, 2025 [1] Group 3: Strategic Rationale - The sale aligns with the company's strategy to reallocate resources towards its core business in cybersecurity solutions and IT software [1] - The board believes that the terms of the agreement are fair and reasonable, aligning with the overall interests of the company and its shareholders [1]
NEXION TECH拟出售SaaS业务