CB GLOBAL (08026.HK): Second-Year Condition for Acquisition of Hong Kong Letu Holdings Met; 5.51 Million Consideration Shares to Be Issued

NewTimeSpace News: On 11 August 2026, China Brilliant Global Limited (stock code: 08026.HK) announced that the second-year condition of the second-stage consideration under the acquisition agreement for Hong Kong Letu Holdings Limited has been satisfied. Upon obtaining approval from the Stock Exchange, the Company will allot and issue 5,514,367 second-stage consideration shares, representing approximately 36% of the total consideration shares, to the vendor, Abundant Victory Group Limited, at the initial issue price of HKD 0.348 per share.

The Company previously published announcements in respect of the acquisition on 30 December 2024, 5 February 2025 and 14 August 2025 respectively. As disclosed therein, the target group has become a subsidiary of the Company, with its financial results, assets and liabilities consolidated into the Company's financial statements with effect from 30 December 2025. 

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.