Smart Fish Wealthlink Holdings Limited Announces Discloseable Acquisition of PRC Property
Smart Fish Wealthlink Holdings Limited (“the Company”, Stock Code: 139) has announced a significant acquisition in Mainland China, which could have a material impact on its future operations and share valuation. The Company has entered into a Sale and Purchase Agreement for a commercial property in Shenzhen, PRC, a transaction that meets the threshold for a discloseable transaction under the Hong Kong Stock Exchange Listing Rules.
Key Highlights of the Transaction
- Acquisition Date: 15 May 2026 (after trading hours)
- Parties Involved:
- Vendor: Shio Tian Ho (Independent Third Party, merchant)
- Purchaser: Daqi Culture (Shenzhen) Co., Ltd. (wholly owned subsidiary in PRC)
- Lender: Top Billion Finance Limited (wholly owned Hong Kong subsidiary, licensed money lender)
- Asset Acquired: A whole floor (approx. 987 sq. m.) of a commercial building in Futian District, Shenzhen, Guangdong Province, PRC
- Consideration: RMB26,000,000 (approx. HK\$29,939,000), to be settled by set-off against outstanding sums owed by the Vendor to the Lender (approx. HK\$71,640,000)
- Valuation: Based on independent market approach, the property is valued at approx. RMB29,610,000
- Property Status: Currently vacant; to be used as office space for the Company’s business development in Mainland China
Important Details and Implications for Shareholders
- Nature of Transaction: The acquisition constitutes a discloseable transaction under Chapter 14 of the Listing Rules as the relevant percentage ratios exceed 5% but are below 25%. No shareholder approval is required, but the transaction is subject to announcement requirements.
- Settlement By Set-Off: The consideration will be settled by offsetting against pre-existing debts (Outstanding Sums) owed by the Vendor to the Group, resulting in no cash outflow for the Group. This is a significant detail for investors as it improves capital efficiency and reduces liquidity risk.
- Future Value Appreciation: Directors highlight the long-term potential for property value appreciation in the PRC, which could positively affect asset values and the Company’s balance sheet in future reporting periods.
- Strategic Rationale: The acquisition supports the Company’s expansion and business development in the Mainland China market, particularly as the Group has recently commenced new business lines, including short drama and AI technology services.
- Completion Conditions:
- Obtaining all necessary consents and approvals
- No breach of warranties or agreement terms by the Vendor
- Favorable legal opinion on the property from the Purchaser’s designated PRC legal adviser (may be waived by Purchaser)
Completion is expected within three business days after condition fulfillment. If not completed by 30 June 2026 (or a later agreed date), the agreement lapses without further obligations.
- Vendor’s Undertaking: The Vendor has committed to assist the Purchaser in obtaining the building ownership certificate within five years from completion.
Potential Share Price Impact
- This transaction is price-sensitive for the following reasons:
- The acquisition is being made at a price below the independently assessed market value, which could result in an immediate uplift in the Group’s asset base.
- The transaction is cash-neutral due to the set-off arrangement, preserving the Group’s cash position.
- The property acquisition aligns with the Group’s strategic expansion in the lucrative and growing PRC market, supporting future revenue and business growth.
- Improved asset base and potential appreciation could have a positive impact on the Company’s financial metrics and investor sentiment.
Directors and Company Information
- Executive Directors: Mr. Chen Changjiong (Chairman), Mr. Chen Xiaodong (Vice Chairman), Mr. Yu Qingrui, Mr. Wang Jinsong, Mr. Pang Min Quan, Dr. Foo Seck Chyn
- Independent Non-executive Directors: Mr. Chan Ngai Fan, Mr. Wu Ming, Ms. Li Meifeng
Conclusion
This acquisition represents a strategic and financially prudent move by Smart Fish Wealthlink Holdings Limited. Investors should note the potential for long-term value creation through property appreciation, the efficient use of existing assets (debt set-off), and the Company’s commitment to expanding its business in Mainland China. As the transaction meets the threshold for a discloseable transaction, it is deemed material and could influence the Company’s share price.
Disclaimer: The above article is for informational purposes only and does not constitute investment advice. Investors should make their own assessment and consult professional advisers before making investment decisions. The information is based on the official disclosure of Smart Fish Wealthlink Holdings Limited as at 15 May 2026.
粵語版（Cantonese Version）
智魚財富通控股有限公司公佈重大內地物業收購事項
智魚財富通控股有限公司（「本公司」，股份代號：139）宣佈於中國內地進行重大物業收購，預計對公司未來業務及股份價值有重大影響。公司已簽訂買賣協議，於深圳購入一整層商業大廈，該交易已達《上市規則》須披露交易門檻。
交易重點
- 收購日期：2026年5月15日（收市後）
- 參與方：
- 賣方：Shio Tian Ho（獨立第三方，商人）
- 買方：大奇文化（深圳）有限公司（全資附屬公司，於中國設立）
- 貸方：Top Billion Finance Limited（全資附屬公司，香港持牌放債人）
- 資產：中國廣東省深圳市福田區一座商業大廈全層，建築面積約987平方米
- 代價：人民幣2,600萬元（約港幣2,993.9萬元），以抵銷賣方對貸方的債務（約港幣7,164萬元）方式結算
- 估值：根據市場法獨立估值，物業市值約人民幣2,961萬元
- 物業狀況：現為空置，公司計劃作內地業務拓展辦公室使用
股東需知及可能影響股價的重要事項
- 屬披露交易：根據上市規則第14章，相關百分比率超過5%但低於25%，屬須公告的披露交易，毋須股東批准。
- 以債抵價：收購價以抵銷現有債務方式支付，不涉及現金支出，有助提升資本效率、減低流動性風險。
- 物業升值潛力：董事會認為內地物業長遠有升值空間，有利資產淨值及日後財務報表。
- 戰略意義：有助公司擴展內地業務，配合新業務（如短劇、AI技術等）發展。
- 完成條件：
- 取得所有必要同意及批准
- 賣方無違反協議條款
- 買方指定內地律師出具滿意法律意見書（可由買方放棄）
預計於條件達成後三個工作日內完成，否則協議於2026年6月30日或雙方同意的較後日期自動終止。
- 賣方承諾：協助買方於完成起五年內辦理物業權證。
潛在股價影響
- 此事項具股價敏感性，原因包括：
- 收購價低於獨立評估市值，對資產淨值有即時提升作用
- 以債抵價，無現金流出，保留現金實力
- 配合公司內地業務拓展，有助未來收入及業績增長
- 資產基礎提升及潛在升值，或利好財務指標及市場信心
董事會及公司資料
- 執行董事：陳長煚（主席）、陳曉東（副主席）、余慶瑞、王勁松、彭敏泉、符錫展博士
- 獨立非執行董事：陳毅勳、胡明、李美鳳
總結
本次收購展現智魚財富通控股有限公司審慎及具策略性的資產配置，有助提升資產價值及內地業務發展潛力。股東應注意此舉或對公司財務狀況及股價帶來正面影響。本交易屬須披露交易，屬重大事項，投資者宜密切關注。
免責聲明： 本文只供資訊參考，並不構成任何投資建議。投資者應自行評估風險及諮詢專業顧問。資料根據截至2026年5月15日智魚財富通控股有限公司公告整理。
