Group 1 - The company Mingliang Holdings (08152) announced a conditional agreement to acquire 100% of Mingyi Group Limited, involving the purchase of 11.32 million ordinary shares for a total consideration of €650,000 (approximately HKD 5.87 million) [1] Group 2 - As part of a strategic growth objective, the management is actively exploring local and overseas business opportunities, believing that the acquisition will enrich the company's business and diversify its revenue sources [2] - The acquisition is expected to provide significant strategic and operational benefits, enhancing supply chain stability and revenue diversification [2] - The board believes that vertical integration with the target group, as an upstream supplier, will create synergies for the company's business [2] - The company will gain complete control over the production process, which is anticipated to lower production costs and enhance competitive advantages [2] - The exclusive distribution rights for certain products, including disc knives, will significantly expand the company's market coverage, aiding in the exploration of new growth opportunities in mainland China and Singapore [2] - The board views the acquisition as a favorable opportunity due to the consideration being at a discount to the target group's assessed value and audited net asset value [2]