STARGLORY HLDGS (08213.HK): in discussions on potential acquisition of 51% equity in a Shenzhen Chinese restaurant operator, expanding catering business into GBA
NewTimeSpace News: On 18 August 2026, StarGlory Holdings Company Limited (stock code: 08213) announced in a voluntary announcement that its indirect subsidiary (the potential buyer) is in discussions with an independent third party (the potential seller) regarding the potential acquisition of 51% equity interest in a company (the target company) operating a Chinese restaurant business in Shenzhen, the PRC. According to information provided by the potential seller, the target company currently operates a Chinese restaurant in Nanshan District, Shenzhen, specializing in Shunde cuisine from Guangdong, with a dining hall and private rooms, and has been in continuous operation.
According to the announcement, given operating conditions such as weak local consumption in Hong Kong, intense market competition, northbound consumption by Hong Kong residents and the entry of mainland brands, the Group has been seeking opportunities to gradually expand its catering business into the Guangdong-Hong Kong-Macao Greater Bay Area. The Board considers that the potential acquisition could bring three benefits: complementary experience (the potential seller has catering operating experience in China while the Group has local Hong Kong catering experience); catering to Hong Kong tastes (adjusting dishes, pricing and services to match the trend of Hong Kong residents consuming in Shenzhen); and acquiring an operating business (faster than opening new outlets, avoiding upfront losses during fit-out and ramp-up periods).
The announcement cautions that the material terms of the potential acquisition are still under negotiation and no legally binding agreements have been entered into as of the date of the announcement, with the potential buyer conducting financial and legal due diligence on the target company; the potential acquisition may or may not proceed, and if materialized, may constitute a notifiable transaction under the GEM Listing Rules.
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