ALLTRONICS (00833) has completed the acquisition of 51% of the registered capital of Momentum Industrial (Vietnam) Limited.

ALLTRONICS (00833) has announced that the acquisition of 51% of the registered capital of the target company, Momentum Industrial (Vietnam) Limited, under the sales and purchase agreement planned to be completed by December 31, 2025. The board of directors believes that the acquisition will not have any significant adverse impact on the financial condition or operations of the group. Upon completion of the acquisition, the target company will become an indirect non-wholly-owned subsidiary of the company, and the financial performance of the target company will be consolidated into the group's financial statements.