RMH Holdings Plans to Sell Entire Issued Share Capital of Des (Hong Kong) Holding Limited

Deep News
Jan 02

RMH HOLDINGS (08437) announced that on December 31, 2025 (after trading hours), the company (as the seller) entered into a sale and purchase agreement with the buyer, Mr. Yan Xianchang. Under this agreement, the seller agreed to sell, and the buyer agreed to purchase, the sale shares (representing the entire issued share capital of the target company) for a consideration of HK$1. Upon completion, the target company, Des (Hong Kong) Holding Limited, will cease to be a subsidiary of the company, and the company will no longer hold any issued share capital of the target company. Consequently, the financial results of the target company will no longer be consolidated into the group's consolidated financial statements.

The Board of Directors believes that the disposal will not have any material adverse impact on the overall financial position and operations of the group. The disposal will enable the group to enhance its financial position by reducing liabilities and lowering the gearing ratio; streamline its business operations; and reallocate existing resources to focus on the development of its core business. The Board considers the terms of the disposal to be on normal commercial terms, fair and reasonable, and in the overall interests of the company and its shareholders.

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