Zhitong Financial App News, TOPSTANDARDCORP (08510) announced that on October 19, 2026, the company's direct wholly-owned subsidiary Top Thinker Group Limited (subscriber), Mr. Ta Shun Dher, Mr. Koh Chee Loong, Ms. Siew Y'ng-lyn, and target company Aori Malaysia Sdn. Bhd. entered into this agreement. The subscriber has agreed to subscribe and the target company has agreed to issue and distribute 53,920 subscription shares at a subscription price of RM1 (equivalent to approximately HK$1.8) per share. The cost of the subscription is RM53,920 (equivalent to approximately HK$97,056).
Prior to the subscription, the target company was an associated company of the company and the subscriber held approximately 49%. The completion occurred when the agreement was signed. The company held 60% of the target company's shares and the target company became a non-wholly-owned subsidiary of the company, and its financial results will be incorporated into the group's comprehensive financial statements.
According to reports, the target company owns all of Aori Pavillion's shares. Aori Pavillion is a limited company incorporated in Malaysia and mainly operates Japanese ramen restaurants in Malaysia.
Since the initial investment in the target group, the local restaurant market in Malaysia continued to recover after the pandemic, showing the target group's operational resilience and long-term commercial potential. The directors believe that subscribing to additional shares in the target company will give the group legal control over the target group.