According to Zhitong Finance App, Zhongxian Smart Qijia Holdings (08395) issued an announcement. On October 5, 2026, the buyer Qi-House Investment Group Limited (a direct wholly-owned subsidiary of the company) signed a share sale agreement with the seller Huagang Transportation Enterprise Co., Ltd. The seller has agreed to sell shares and the buyer has already agreed to buy and sell shares at a cost of HK$45 million. Sales shares refer to 45 million common shares of the target company Jinjun Service Co., Ltd., accounting for 30% of the target company's issued share capital.
The price will be paid in cash and consideration shares. Valuable shares (i.e. 20 million new shares) account for approximately 1.11% of the company's issued share capital, assuming that the acquisition has been completed, all consideration shares have been allocated and issued, and the placement has not yet been completed. The issue price of HK$1.75 per share is equivalent to a 1.7% discount on the closing price of HK$1.78 per share as reported by the Stock Exchange on the last trading day.
The target company, Jin Jun Services Co., Ltd., mainly provides professional solutions for security guard services and cash management, and holds a security company license issued by the Hong Kong Security and Guarding Industry Authority, which covers Class I (providing security guard services), Class II (providing armoured transport services) and Class III (installation, maintenance and/or repair of security installations).
The Group has been looking for opportunities to strengthen its existing business, broaden and diversify its revenue base, and enhance shareholder returns. Since January 2024, the Group has gradually expanded from its original furniture and home accessories business to selling trade parts and automation equipment (including providing technical services). Given the relatively limited revenue contribution of the Group's main furniture and home accessories business under current market conditions, the Group has been actively seeking suitable investment opportunities in technology and automation to further develop additional revenue streams and enhance its overall profitability, thus leading to the acquisition of TGX. The acquisition enabled the Group to participate in the digitalization and modernization of the Hong Kong precious metals market, in line with the Hong Kong Government's initiative to promote Hong Kong as a regional gold reserve hub and international gold trading center, including expanding gold storage capacity, developing gold trading and settlement infrastructure, and strengthening ties with the precious metals market in mainland China.