Reach New Holdings Ltd. has announced a discloseable transaction involving the acquisition of a 24% equity interest in a target company. According to the Equity Transfer Agreement signed on 18 December 2025, an indirect wholly-owned subsidiary of Reach New Holdings will purchase the 24% stake from the vendor for a total consideration of RMB11.6 million. Following the transaction, the subsidiary will hold 24% of the target company while the vendor retains the remaining 76%. The transaction is classified as a discloseable transaction under Chapter 19 of the GEM Listing Rules, requiring notification and announcement but exempt from shareholders' approval.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Reach New Holdings Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251218-11960766), on December 18, 2025, and is solely responsible for the information contained therein.