ALLTRONICS-NEW (00833) announced on December 9, 2025, that the company (as the buyer) entered into a sale and purchase agreement with Momentum Innovation Technology Limited (as the seller). Under the agreement, the seller conditionally agreed to sell, and the company conditionally agreed to acquire, a 51% stake in the target company for a consideration of $2 million.

Upon completion, the target company, Momentum Industrial (Vietnam) Limited, will become an indirect non-wholly owned subsidiary of ALLTRONICS-NEW. Its financial performance, assets, and liabilities will be consolidated into the group's financial statements. Momentum Industrial (Vietnam) Limited is a limited liability company incorporated under Vietnamese law, primarily engaged in manufacturing telecommunications, healthcare, home automation, and industrial electronic components.

The board believes the acquisition represents a strategic step in the group's expansion, aiming to extend its production facilities to other Asian countries to meet evolving customer demands. The group plans to enhance management efficiency and integrate resources based on the target company's existing operations.

By establishing its own production facility in Vietnam, ALLTRONICS-NEW will improve operational flexibility, enabling better customer service. Considering these factors, the board views the acquisition as aligned with the company's and shareholders' interests, as well as the group's long-term strategic objectives.