SU Group Holdings Limited Announces Proposed Acquisition of KM Safety Solution Company Limited
SU Group Holdings (Nasdaq: SUGP) announced that its wholly owned subsidiary SU Group Investment Limited entered a sale and purchase agreement with Lead New Limited to acquire 100% of KM Safety Solution Company Limited for HK$5,616,000 (approximately US$721,000), payable in cash at completion. Closing is subject to conditions including the purchaser's satisfaction with due diligence and receipt of required consents and approvals; the agreement terminates if those conditions are not satisfied or waived on or before October 31, 2026, and the company states there is no assurance the deal completes.
Key figures
- Deal Value Usd
- 721000
- Deal value hkd
- 5616000
- Hkd usd exchange rate
- 7.78
- Deal termination deadline
- October 31, 2026
- Distribution agreement months
- 24
AI analysis
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