TRIGIANT (01300.HK): Subsidiary Wins Bid for 100% Equity Interests in Qinghai Zhongli Optical Fibre Technology at RMB455 Million
- The Target Company was established in the PRC on 5 July 2013 and is wholly owned by the Vendor, Qinghai Qingyin Project Management Co., Ltd., as at the date of the announcement; its wholly-owned subsidiary is Qinghai Optical Communication Materials Engineering Technology Research Centre Co., Ltd.
- The Purchaser and the Vendor shall enter into the Property Rights Transaction Contract within ten business days after the Purchaser is confirmed as the transferee; the Board expects the Acquisition to constitute a discloseable transaction under Chapter 14 of the Listing Rules upon signing, and a separate announcement will be made.
- To the best of the Directors' knowledge, the Vendor and its ultimate beneficial owner(s) are independent third parties; amounts denominated in RMB in the announcement have been converted into HK$ at the exchange rate of RMB1.00 to HK$1.157.
NewTimeSpace News: On 11 September 2026, Trigiant Group Limited (stock code: 01300.HK) announced that the Purchaser, an indirect wholly-owned subsidiary of the Company, has succeeded in the bid for the acquisition of 100% equity interests in Qinghai Zhongli Optical Fibre Technology Co., Ltd. (the "Target Company") from the Vendor through the bidding on the Chongqing Assets and Equity Exchange at the consideration of RMB455 million (equivalent to approximately HK$526 million).
The Target Company is a limited liability company established in the PRC on 5 July 2013 and, as at the date of this announcement, is wholly owned by the Vendor, Qinghai Qingyin Project Management Co., Ltd. The Target Company is principally engaged in the production and sales of optical fibre preforms, optical fibres and optical fibre connectors, while its wholly-owned subsidiary, Qinghai Optical Communication Materials Engineering Technology Research Centre Co., Ltd., is principally engaged in the research and development of optical fibre preforms, optical fibres and optical fibre connectors. Upon completion of the Acquisition, each of the Target Company and the Target Subsidiary will become an indirect wholly-owned subsidiary of the Company.
The announcement further stated that, under the rules of the Chongqing Assets and Equity Exchange, the Purchaser and the Vendor shall enter into the Property Rights Transaction Contract within ten business days after the date on which the Purchaser is confirmed as the transferee. As at the date of this announcement, the terms of the Acquisition are being finalised in accordance with the above timetable and the Property Rights Transaction Contract is being prepared for execution. The Board expects that, upon signing of the Property Rights Transaction Contract, the Acquisition will constitute a discloseable transaction of the Company under Chapter 14 of the Listing Rules, and the Company will make a separate announcement in full compliance with the Listing Rules on the details of the Acquisition. To the best of the Directors' knowledge, information and belief, having made all reasonable enquiries, the Vendor and its ultimate beneficial owner(s) are independent third parties.
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