Core Viewpoint - The company QianShi International (00381.HK) has entered into an agreement to acquire a 72.5% stake in Jiangxi Jiuai Food Co., Ltd. for HKD 59 million, which will be settled through the issuance of convertible bonds at a conversion price of HKD 0.25 per share [1][2]. Group 1: Acquisition Details - The buyer, QianShi International's wholly-owned subsidiary, has agreed to purchase the stake from the seller, Zhuo Wenjie, under a conditional sales agreement [1]. - The acquisition price is set at HKD 59 million, which will be settled via convertible bonds [1]. - Jiangxi Jiuai Food Co., Ltd. has a notable beverage brand "Ai Lian," which has been in the market for over ten years and appeals to consumers of all age groups [1]. Group 2: Target Company Overview - The target company operates under the "Ai Lian" brand and has five product lines, including fruit vinegar, fruit juice, plant protein, fermented fruit juice, and grain protein [2]. - The brand primarily targets the consumer market in third and fourth-tier cities in Southeast China, including Fujian, Jiangxi, and Jiangsu [2]. - The company has established a network of over 50 distributors and also provides beverage processing services to other companies [2]. Group 3: Strategic Rationale - The acquisition is seen as an attractive opportunity for the company to enhance its business portfolio and benefit from the profitability of the target company [2]. - The company aims to strengthen its business and increase shareholder value, aligning with the growing focus on healthy lifestyles in China [2].