CENTRALCHINA MT (09982.HK): To Buy 25% of Link Win for HK$100M

NewTimeSpace News: On 23 September 2026 (after trading hours), Central China Management Company Limited (stock code: 09982.HK) announced that its indirect wholly-owned subsidiary, Central China (Asia) Technology Development Limited, as purchaser, entered into a share purchase agreement with the vendors, Zhongcai Herui and CBN, and the Target Company, Link Win Technology Development Limited, to conditionally acquire an aggregate of 25% of the issued share capital of the Target Company (2,500 ordinary shares, comprising 1,275 shares, or 12.75%, sold by Zhongcai Herui and 1,225 shares, or 12.25%, sold by CBN) at a consideration of HK$100,000,000, of which HK$13,725,490.20 will be settled in cash and the balance by the allotment and issue of 1,078,431,373 consideration shares at HK$0.08 per consideration share.

The consideration shares represent approximately 23.25% of the 4,638,617,028 shares in issue as at the date of the announcement and approximately 18.86% of the enlarged issued share capital, with an aggregate nominal value of HK$10,784,313.73. The issue price of HK$0.08 represents a discount of approximately 12.1% to the closing price of HK$0.091 per share on the date of the share purchase agreement and approximately 17.0% to the average closing price of HK$0.0964 per share for the five consecutive trading days immediately preceding that date. The consideration shares will be allotted and issued pursuant to a specific mandate to be approved by shareholders at an extraordinary general meeting, and the Company will apply to the Listing Committee for approval of the listing and trading of the consideration shares.

The acquisition constitutes a major transaction under Chapter 14 of the Listing Rules, as one or more of the applicable percentage ratios are 25% or more but all are less than 100%, and is subject to the reporting, announcement, circular and shareholders' approval requirements. A circular is expected to be despatched to shareholders on or before 31 October 2026. Upon completion the Target Company will not become a subsidiary of the Company and the Target Group's financial results will not be consolidated into the Company's financial statements. The acquisition may or may not proceed and shareholders are advised to exercise caution when dealing in the securities of the Company.

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