Joyson Group (02473) plans to acquire control of New Qite for approximately HKD 150 million, expanding its business into the automotive after-sales service sector.

Zhitong Finance APP News, Xixiangfeng Group (02473) announced that on August 4, 2026, the company intends to acquire all issued share capital of PAGAC NTS Limited from Jiarui Development (Hong Kong) Limited for approximately HKD 150 million. The payment will be made by the company issuing and allotting 380 million consideration shares to the seller at the subscription price upon completion, with each consideration share priced at HKD 0.3947, representing a discount of approximately 21.8% compared to the closing price of HKD 0.505 per share on the Stock Exchange on the date of the sale and purchase agreement. The consideration shares will account for approximately 16.99% of the enlarged share capital.