Reach New Holdings Acquires 24% Stake in Target Company

Reuters

Feb 02

<a href="https://laohu8.com/S/08471">Reach New</a> Holdings Acquires 24% Stake in Target Company

Reach New Holdings Ltd. has announced the acquisition of a 24% equity interest in a target company, as disclosed in a supplemental announcement. The transaction is part of Reach New Holdings' strategic plan to build a vertically integrated supply chain, expanding from upstream agricultural production to downstream textile manufacturing with advanced functional garment production capabilities. The net asset value of the target company was approximately RMB36.4 million as of 31 December 2024, with an appraised value of about RMB48.4 million as of 30 November 2025. Due to current financial constraints, Reach New Holdings is not acquiring more than a 24% stake at this time but may consider increasing its shareholding to a controlling interest in the future if conditions permit.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Reach New Holdings Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260202-12009709), on February 02, 2026, and is solely responsible for the information contained therein.

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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The transaction is part of Reach New Holdings' strategic plan to build a vertically integrated supply chain, expanding from upstream agricultural production to downstream textile manufacturing with advanced functional garment production capabilities. The net asset value of the target company was approximately RMB36.4 million as of 31 December 2024, with an appraised value of about RMB48.4 million as of 30 November 2025. Due to current financial constraints, Reach New Holdings is not acquiring more than a 24% stake at this time but may consider increasing its shareholding to a controlling interest in the future if conditions permit.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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ID: HKEX-EPS-20260202-12009709), on February 02, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"08471","symbol_name":"新达控股","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260202:nNDL5Z0PRS:1","article_id":"2608868344","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2608868344","pubTimestamp":1770029568,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Reach New Holdings Ltd. has announced the acquisition of a 24% equity interest in a target company, as disclosed in a supplemental announcement. The transaction is part of Reach New Holdings' strategic plan to build a vertically integrated supply chain, expanding from upstream agricultural production to downstream textile manufacturing with advanced functional garment production capabilities. The net asset value of the target company was approximately RMB36.4 million as of 31 December 2024, with an appraised value of about RMB48.4 million as of 30 November 2025. 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ID: HKEX-EPS-20260202-12009709), on February 02, 2026, and is solely responsible for the information contained therein.","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":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}