HK Stock Market Move | 5100 XIZANG (01115) rose over 6% in the morning session, completing the acquisition of Nyenchen Tanglha Investment and the Chinese company.

5100 XIZANG (01115) rose over 6% in the morning session, up 5% as of press time, at HK$0.525, with a turnover of HK$3.0424 million. On the news front, on September 28, 5100 XIZANG issued an announcement regarding the acquisition of the target company (involving the issuance of consideration shares under a general mandate). The board of directors is pleased to announce that the acquisition of Nyenchen Tanglha Investment Co., Ltd. (the target company) has been completed. Upon completion, the target company and the Chinese company have become wholly-owned subsidiaries of the Company, and the Company has allotted and issued 380 million consideration shares to the seller (representing approximately 6.32% of the Company's issued share capital as enlarged by the consideration shares). It is understood that the Chinese company has obtained the water extraction rights to a water source in Shannan, Tibet, China. It is a base for maternal and infant-specific water uniquely suited for infant formula preparation, a rare and highly distinctive resource in Tibet and even across China, with an annual water extraction volume of up to 400,000 tons. The successful acquisition of this unique water source base will open up a distinctive market for healthy infant growth for the Company, achieve favorable social and economic benefits, and bring very positive and encouraging results. It is expected that this water source will significantly enhance the Group's overall production capacity and enable the Group to expand into new sales channels.