Carrianna (00126) Announces Disposal of 100% Equity Interest in Profit Share Investments

Bulletin Express
Feb 13

Carrianna Group Holdings Company Limited (00126) announced that on 13 February 2026, its wholly owned subsidiary, Carrianna Land Development Limited (the Vendor), entered into a Sale and Purchase Agreement with Silver Chaser Holdings Limited (the Purchaser). The transaction involves disposing of the entire equity interest, comprising a total of 8.56 million shares, in Profit Share Investments Limited (the Target Company) for a total consideration of HK$45.00 million.

The Target Company holds approximately 4.62% indirect attributable interests in a group of private companies engaged in the merchant services business. Payment for the HK$45.00 million consideration will be made in three tranches—HK$10.00 million, HK$25.00 million, and HK$10.00 million—aligned with three completion stages. The unaudited net asset value of the Target Company is approximately HK$30.16 million. Following the transaction, Carrianna will no longer consolidate the financial results of the Target Company.

After deducting estimated expenses of HK$0.05 million, the disposal is expected to yield net proceeds of HK$44.95 million. Carrianna anticipates an increase in retained earnings of HK$14.79 million, calculated as the difference between the net proceeds and the Target Company’s net asset value. Approximately 80% of the proceeds will be used to finance the development of Carrianna’s property investment and development business, while the remaining 20% will serve as general working capital.

All applicable percentage ratios under the Listing Rules exceed 5% but remain below 25%, rendering the deal a discloseable transaction subject to notification and announcement requirements. The board of directors considers the disposal reasonable and beneficial, aligning with strategic efforts to optimize resources and strengthen financial liquidity.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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