PAK TAK INT'L (02668) plans to sell Leading Creation Limited.

PAK TAK INT'L (02668) announced that on June 30, 2026, the company (as the seller) entered into a sales and purchase agreement with the buyer (Mingyan Holdings Limited). According to the agreement, the company has conditionally agreed to sell and the buyer (or its designated nominee) has conditionally agreed to purchase the sale shares (equivalent to all the issued share capital of the target company, Creat Ltd.) for a consideration of an earnest deposit of HK$2 million payable by the buyer (non-refundable under any circumstances), and the company will issue a promissory note to the buyer (or its designated nominee) in the amount of HK$100 million in exchange for releasing and discharging the company's guarantees, without the buyer having to pay any cash consideration to the company upon completion. The target company is primarily engaged in investment holding. After the restructuring, the target company will directly and indirectly hold all the issued share capital of 16 subsidiary companies, which are mainly engaged in hotel management and food services, property investment, supply chain business, and leasing business. The board of directors continues to evaluate the group's current business strategy, aiming to optimize resources, improve overall performance, and take proactive measures to strengthen cash flow. The target group is mainly involved in hotel management and food services, property investment, leasing, and some non-core supply chain businesses. These businesses are not closely related to the company's core strategic direction. In line with the company's strategy to focus on its main supply chain business (including iron ore mining and ore dressing) and to orderly exit non-core or underperforming assets, the target group has been designated for divestment. In particular, the sale will effectively release and discharge the immediate financial obligations arising from the company's guarantees, thereby reducing imminent legal and financial risks and safeguarding the group's overall assets. Considering (i) the target group's past financial performance; (ii) the target group's existing debt and liabilities; (iii) the prospects of the relevant industry; and (iv) the opportunity to release the company's guarantees and reduce financial risks, the board of directors believes that the sale provides a good opportunity for the group to streamline its business portfolio, improve its financial position, and focus its resources on the core supply chain business.