Jia Yao Holdings (01626) plans to issue 20.5 million shares at a discount of approximately 17.90% to acquire 80% of Ninety Investment Holding Limited.

Zhitong Finance APP reported that Jia Yao Holdings (01626) announced that on August 12, 2026, the company (as the buyer), the seller Ninety Kilometers Holding Limited, and the guarantor entered into a sales agreement. According to this agreement, the company has conditionally agreed to acquire, and the seller has conditionally agreed to sell the shares for sale, which represent 80% of the total issued shares of the target company Ninety Investment Holding Limited, for a maximum consideration of HKD 430.5 million, to be paid by the company through the issuance of consideration shares at an issue price of HKD 21.00 per share, to be allocated and issued to the seller (recorded as fully paid).