APEX ACE HLDG (06036) to Acquire 18% Stake in Data Star Inc. for HK$65.296 Million, Increasing Holdings to 90%

Stock News
01/30

On January 30, 2026, the buyer, Apex Team Limited (a wholly-owned subsidiary of APEX ACE HLDG), entered into an agreement to purchase 18% of the issued share capital of the target company, Data Star Inc., from the seller, Mr. Bai Yilin, for a total consideration of HK$65.296 million. The consideration will be settled partly in cash by the buyer and partly through the issuance of a promissory note. Upon completion of the acquisition, the buyer's stake in the issued share capital of the target company will increase from 72% to 90%. Consequently, the target company will be classified as a subsidiary in which the company holds an indirect 90% interest. The financial performance of the target company has been and will continue to be consolidated into the Group's financial statements. The target company is an investment holding entity that directly and indirectly owns five subsidiaries, including: Huijia Electronic Technology Co., Ltd.; Zhenqi International Limited; Zhenqi International (East China) Co., Ltd.; Jinziyang Technology (Hong Kong) Co., Ltd.; and Shenzhen Zhenqi Electronics Co., Ltd. The Board recognizes that the global semiconductor market is experiencing significant structural growth and differentiation, with AI-driven demand for high-performance computing acting as a core growth engine, while traditional sectors like consumer electronics and automotive electronics are gradually recovering. This upward trend is primarily fueled by growing demand for logic chips and memory, both of which benefit from advancements in artificial intelligence, cloud infrastructure, and high-end consumer electronics, with the sector expected to achieve double-digit growth. Specifically, demand for logic and memory chips remains robust, heavily influenced by artificial intelligence. Given the favorable industry outlook, the target group is well-positioned to capture the substantial global demand for such products and is poised to benefit significantly from trends in AI, cloud infrastructure, and high-end consumer electronics. This surge in demand has already positively impacted the Group's financial performance, as reflected in the target group's results for the first half of 2025. Furthermore, for personal business reasons, the seller has expressed an intention to divest his equity interest in the target company. In light of the positive industry prospects and the anticipated financial contributions from the target group, the Directors believe the acquisition will strengthen and consolidate control over the management and operations of the target group, potentially increasing earnings attributable to the Company's equity shareholders.

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