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]

Core Viewpoint - The acquisition of a 20% stake in Deheng Construction Development Company by Ascend Group Holdings Limited is expected to strengthen the company's position in the construction industry, leveraging synergies from the target company's expertise and the group's established client network [1] Group 1: Acquisition Details - Ascend Group Holdings Limited plans to acquire 20% of the issued shares of Deheng Construction Development Company for 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, which is approximately 1.4% premium over the last trading 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 anticipated to create synergies by combining the group's strong client network, primarily consisting of major contractors and government entities, with the target company's expertise and professional personnel [1] - This strategic move is expected to enhance market penetration and broaden the customer base, allowing the company to offer more comprehensive services to its clients [1]