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StarGlory to buy 51% stake in Shenzhen Zhongao Catering for RMB 51,000

PUBT·09/01/2026 14:46:18
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StarGlory to buy 51% stake in Shenzhen Zhongao Catering for RMB 51,000
  • StarGlory agreed to buy a 51% stake in Shenzhen Zhongao Catering Management for RMB 51,000 under a deal signed on Sept. 1, 2026.
  • Target runs a Chinese restaurant in Shenzhen’s Nanshan district under the “Tan Sai Gai” brand with about 300 seats.
  • Payment due in cash within 12 months, funded from internal resources; closing follows shareholder-change registration in Shenzhen.
  • For the seven months ended July 31, 2026, the target posted revenue of RMB 3 million with a loss after tax of RMB 400,722.
  • Target had net liabilities of RMB 1.13 million as of July 31, 2026; StarGlory will consolidate results on completion.


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. StarGlory Holdings Co. Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260901-12314515), on September 01, 2026, and is solely responsible for the information contained therein.