LEVER STYLE (01346) announced that on December 17, 2025, its indirect wholly-owned subsidiary LeverStyle Limited intends to acquire target assets from Active Apparel Group Pty Ltd and Active Apparel Group (America) LLC for an initial purchase price of $13 million. The target assets include (1) AAG (Australia) assets and (2) AAG (US) assets. The AAG (Australia) assets refer to AG (Australia) purchase orders, accounts receivable, and asset records, while the AAG (US) assets comprise AAG (US) purchase orders, accounts receivable, and asset records.

The announcement stated that the seller's activewear business represents a fast-growing segment in the apparel industry, complementing the group's existing strengths in fashion. The product complexity and customer tier of the seller also align with the group's premium positioning. LEVER STYLE plans to create value by cross-selling more products to the seller's clients and improving operational leverage.

Given the negative impact of deteriorating economic conditions on organic growth, the group has shifted greater focus toward seeking inorganic expansion opportunities.