UNITY GP HLDGS(01539) intends to acquire 25% equity in Synergy Cooling Management Limited for HK$200 million.

UNITY GP HLDGS (01539) announced that on January 15, 2025, its wholly-owned subsidiary Omniscient Global intends to acquire 25.00% of the issued share capital of Synergy Cooling Management Limited from Xin Energy Environmental Engineering Limited at a price of HK$200 million. As of the date of this announcement, the company indirectly owns approximately 63.04% of the target company's issued share capital through Omniscient Global. Upon completion of the acquisition, the company will indirectly own approximately 88.04% of the target company's issued share capital through Omniscient Global. As of the date of this announcement, the target company owns six subsidiary companies. The target company is the holding company for the group's operations in Malaysia, which is one of the key regions for the group's expansion. In particular, the group is considering a potential secondary listing on the Malaysian Stock Exchange. The board believes that the acquisition is in line with the group's overall business development strategy and that it will benefit the potential listing and overall management of the target group's business. Additionally, after the completion of the acquisition, the company's equity in the target company will increase from approximately 63.04% to 88.04%. The board believes that the acquisition will expand the group's income as the target group continues to generate revenue growth from its operations.