Core Viewpoint - NEXION TECH plans to sell its entire stake in Big Focus and Rich Joy for HKD 500,000, to be paid in cash, as part of a strategy to reallocate resources towards its core business in cybersecurity solutions and IT software [1] Group 1: Transaction Details - The sale involves Muhammad Ridzuan Gurbaksh Bin Abdullah acquiring the stakes in Big Focus and Rich Joy [1] - Big Focus is a wholly-owned subsidiary of 巨确, primarily engaged in investment holding, while Rich Joy is a wholly-owned subsidiary of 威发, also focused on investment holding [1] - The transaction is set to be completed by December 22, 2025 [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 decision to sell aligns with the company's strategy to focus on its core business areas, specifically cybersecurity solutions and IT software [1] - The board believes that the terms of the agreement are fair and reasonable, serving the overall interests of the company and its shareholders [1]
NEXION TECH(08420)拟出售SaaS业务