A recent filing with the Hong Kong Stock Exchange revealed that on February 6, a shareholder of REACH NEW HLDGS (08471) deposited shares into a securities account at a brokerage firm. The market value of the deposited shares was HKD 7.4 million, representing 8.16% of the company's issued share capital.
In related corporate activity, REACH NEW HLDGS previously announced that on December 18, 2025, its indirectly wholly-owned subsidiary, Shenzhen REACH NEW Functional Textile Co., Ltd., intends to acquire a 24% equity stake in Hengda Yongjin Agricultural High-Tech Co., Ltd. from Tianjin Zhonghe Seed Co., Ltd. The total consideration for the acquisition is RMB 11.6 million. Following the completion of this transaction, the acquiring subsidiary will hold a 24% stake in the target company, while the seller will retain the remaining 76% ownership.