Yichen Group (08365) plans to issue acceptance notes with a capital amount of HK$30 million to acquire all shares of Pan Asia Fengtai International Finance

Zhitong Finance App News, Yichen Group (08365) announced that the company signed an agreement with the seller Ark Invest Holdings Limited on September 25, 2026 (after the trading period) on the acquisition. According to the agreement, the Company has agreed to the acquisition, and the seller has agreed to sell shares (equivalent to the total issued share capital of the target company Pan Asia Fengtai International Finance Co., Ltd.) at a cost of HK$30 million, which will be settled by issuing acceptance notes to the seller (or someone on whose behalf the seller may indicate in writing) after completion.

The principal amount of the acceptance note is HK$30 million, or 100% of the cost (principal), with an annual interest rate of 5%.

Upon completion, the target company will become a direct wholly-owned subsidiary of the Company, and the financial results of the Target Group will be consolidated into the Group's accounts.

The company has been actively seeking development opportunities to diversify its business operations and revenue sources. The directors believe that the acquisition provides the Group with an opportunity to expand the scope of its professional corporate services and seize the potential of the capital market.

The main business of the target company is to provide industry consulting and corporate consulting related services, which overlap with and complement the Group's existing business (including providing environmental, social and governance consulting, business consulting, company secretarial, accounting and taxation, risk management and internal control consulting services). Since both the Group and the target company operate in Hong Kong, the directors believe that the acquisition will enable the Group to expand its operating scale and consolidate its market position, thereby seizing a larger share of customer demand and increasing the Group's revenue streams.

Furthermore, the target company is currently applying for listing on the NASDAQ. The directors believe that the acquisition will enable the Group to participate in the future growth and capital market potential of the target company. At the same time, the target company's proposed listing can enhance the value of the Group's investment in the target company and provide the Group with potential future opportunities.