HK Stock Market Move | SBP GROUP (01177) rises over 3%, plans to acquire 5% equity in Chia Tai Tianqing from Xie Chengrun for 4.48 billion yuan.

SBP GROUP (01177) rose over 3%, up 2.86% as of press time, at HK$5.4, with a turnover of HK$58.7694 million. On the news front, SBP GROUP announced that the company (through the buyer Chia Tai Pharmaceutical (Lianyungang) Company Limited) intends to acquire a 5% equity interest in Chia Tai Tianqing by acquiring the equity interest in the target company Sino Harmony Ventures Limited. On September 11, 2026, the buyer (a directly wholly-owned subsidiary of the company) and the seller (Mr. Xie Chengrun, an executive director and substantial shareholder of the company) entered into a sale and purchase agreement for the sale and purchase of the target equity interest, pursuant to which the buyer conditionally agreed to acquire, and the seller conditionally agreed to sell, the target equity interest (representing 100% of the total issued shares of the target company), at a consideration of RMB 4.48 billion, equivalent to approximately 19 times LTM PE for the acquisition of a 5% equity interest in Chia Tai Tianqing. Chia Tai Tianqing is a subsidiary of the company. Upon completion, the company's indirect equity interest in Chia Tai Tianqing will increase from 60% to 65%. Based on Chia Tai Tianqing's LTM adjusted net profit attributable to the parent for the end of June 2026, this is expected to increase the group's adjusted net profit attributable to the parent by approximately 7.4% (i.e., approximately RMB 350 million).