AEON Stores (Hong Kong) Co., Limited has signed a Sale and Purchase Agreement (SPA) on 12 August 2026 to divest 683,500 shares of AEON Credit Service (Asia) Company Limited to AEON Financial Service (Hong Kong) Co., Limited. The transaction values each share at HK$8.83—the stock’s closing price on the last trading day—translating into total gross proceeds of HK$6.04 million.
Upon completion, AEON Stores’ holding in AEON Credit will decline from 783,500 shares (0.19% of issued share capital) to 100,000 shares (0.02%). Management expects to record an unaudited disposal gain of approximately HK$0.24 million, calculated against a carrying value of HK$5.80 million for the shares sold. Net proceeds, after transaction costs, are earmarked for general working capital.
Regulatory classification: • Discloseable transaction under Chapter 14 of the Hong Kong Listing Rules, as applicable ratios exceed 5% but remain below 25%. • Connected transaction under Chapter 14A, since the buyer is a 30%-controlled company of AEON Co., the controlling shareholder of AEON Stores (60.59% stake). With all applicable ratios—other than the profit ratio—below 25% and consideration below HK$10 million, the deal requires reporting and announcement only; no shareholder approval or circular is needed.
Completion is conditional on regulatory compliance and requisite consents, and is scheduled within five business days after conditions are met.
Counterparty profile: AEON Financial Service (Hong Kong) is wholly owned by Japan-listed AEON Financial Service Co., Ltd., itself 48.18% held by AEON Co. The purchaser group, including AEON Credit, focuses on consumer finance services such as credit cards, personal loans, insurance agency, brokerage, and micro-finance.
AEON Credit’s performance: • FY ended 28 Feb 2026 – Net profit after tax: HK$468.20 million (FY 2025: HK$400.48 million) • Net asset value as at 28 Feb 2026: HK$4.48 billion
Rationale: Directors view the sale as an opportunity to monetise part of the investment in AEON Credit at prevailing market prices, bolstering AEON Stores’ liquidity for operational needs. Independent non-executive directors concurred that the terms are fair and in shareholders’ interests. Five directors with potential conflicts abstained from voting on the transaction.