DASHAN EDU (09986) saw its stock price surge by 5.47% in pre-market trading on Friday, following the announcement of a significant strategic acquisition. The company has entered into an agreement to purchase a 52% equity stake in Spark Media International Limited for HK$104 million, marking a bold move to expand its brand operation and management capabilities.

According to the announcement made late Thursday, Dashan Education Holdings Ltd, as the purchaser, signed a sale and purchase agreement with the vendors of Spark Media International. The consideration for the acquisition will be satisfied through the allotment and issuance of consideration shares to the vendors at an agreed issue price upon completion of the deal.

This strategic acquisition aligns with Dashan's intention to diversify its business portfolio and enhance its brand operation and management services. The target company, primarily operating through its subsidiaries in China, specializes in brand empowerment, promotion, and operation within the beauty and health sector. Dashan's directors believe that this acquisition will significantly expand the Group's capabilities and influence in the brand management field, leveraging the rich operational experience and business resources of Spark Media International. The move is expected to create synergies between the two entities, potentially driving future growth and success for Dashan Education Holdings Ltd.