Mingliang Holdings (08152) subsidiary plans to acquire 100% of Mingyi Group's shares for 650,000 euros

Zhitong Finance App News, Ming Liang Holdings (08152) issued an announcement. On December 10, 2025, the buyer Yifeng Construction Co., Ltd. (an indirect wholly-owned subsidiary of the company) entered into a sales agreement with the seller Palmieri S.P.A., Patrizia Pierallini, and Liu Yuxin. According to this, the buyer conditionally agreed to buy and the seller conditionally agreed to sell the shares for sale at a total cost of 650,000 euros (equivalent to about HK$5.87 million) of the target company % shares).

As a strategic growth target, the Group's management has been actively exploring and seeking local and overseas business opportunities. The target group is the group's supplier until completion. The Board believes that the acquisition will enrich the Group's business with the aim of diversifying the Group's existing business portfolio and expanding revenue streams. The acquisition brought significant strategic and operational benefits to the Group, helping to enhance supply chain stability and revenue diversification. The Board believes that the vertical integration of the target group as an upstream supplier will create a synergy effect for the group's business. Through the acquisition, the Group will be able to utilize the target group's production capacity and existing brand awareness, which can be converted into part of the Group's product supply at any time. The Group will gain full control over the production process, thereby reducing production costs and enhancing the Group's competitive advantage. Furthermore, obtaining exclusive distribution rights for disc-shaped hob products enjoyed by the target group (including) will greatly expand the Group's market coverage, which will help the Group explore new growth opportunities in mainland China and Singapore. Furthermore, the board of directors believes that the acquisition is a good opportunity to acquire the target group because the cost is discounted compared to the target group's assessed value and audited net asset value.