RAS Technology Unit Completes Acquisition of Six Hong Kong-Based Racing Publications for HK$20 Million; Shares Up 6%

MT Newswires Live

Apr 04, 2025

RAS Technology Holdings' (ASX:RTH) subsidiary, Racing and Sports Asia, completed the acquisition of six Hong Kong-based racing data and editorial publications for HK$20 million, according to a Friday filing with the Australian bourse.

The publications include the Hong Kong Daily News Racing Booklet and Newspaper, The Sun Racing Journal, WQ Racing Booklet, Turf Timers, and Mark Six Lottery, per the filing. RAS Technology will also provide key services to the Hong Kong Jockey Club, the filing stated.

The assets delivered a revenue of AU$3.6 million and a profit of AU$404,000 in fiscal 2024. The acquisition is expected to be earnings accretive within the first year, the filing added.

RAS Technology's shares were up 6% in recent Friday trade.

Price (AUD): $0.80, Change: $+0.045, Percent Change: +6.00%

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RAS Technology will also provide key services to the Hong Kong Jockey Club, the filing stated.</p><p>The assets delivered a revenue of AU$3.6 million and a profit of AU$404,000 in fiscal 2024. The acquisition is expected to be earnings accretive within the first year, the filing added.</p><p>RAS Technology's shares were up 6% in recent Friday trade.</p><p>Price (AUD): $0.80, Change: $+0.045, Percent Change: +6.00%</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7050","symbol_name":"调查和咨询服务","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2524228026","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2524228026","pubTimestamp":1743735180,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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RAS Technology will also provide key services to the Hong Kong Jockey Club, the filing stated.The assets delivered a revenue of AU$3.6 million and a profit of AU$404,000 in fiscal 2024. The acquisition is expected to be earnings accretive within the first year, the filing added.RAS Technology's shares were up 6% in recent Friday trade.Price (AUD): $0.80, Change: $+0.045, Percent Change: +6.00%","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation,merge","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}