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Lihua Holding Group (01346) plans to acquire AAG Australian and US assets for 13 million US dollars

Zhitongcaijing·12/17/2025 11:57:06
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Zhitong Financial App News, Lihua Holding Group (01346) announced that on December 17, 2025, LeverstyleLimited, an indirect wholly-owned subsidiary of the company, plans to acquire assets for sale from Active Apparel Group Pty Ltd and Active Apparel Group (America) LLC with an initial purchase price of US$13 million. Assets for sale include (1) AAG (Australia) assets for sale and (2) AAG (US) assets for sale.

AAG (Australia) assets for sale refer to AG (Australia) purchase orders, AAG (Australia) accounts receivable, and AAG (Australia) asset records; AAG (US) assets for sale refer to AAG (US) purchase orders, AAG (US) accounts receivable, and AAG (US) asset records.

According to the announcement, the seller's sportswear business is a rapidly growing field in the apparel industry, complementing the Group's existing advantages in the fashion field. The seller's product complexity and customer level are also in line with the Group's high-end positioning. The Group plans to increase value by cross-selling more products to sell-side customers and increasing operating leverage. As the organic business was negatively affected by the deteriorating economic environment, the Group has focused more on seeking non-organic growth.