Smart Fish Wealthlink Holdings Limited Announces Discloseable Acquisition of PRC Property
Key Highlights of the Transaction
- Acquisition of PRC Property: On 29 May 2026, Smart Fish Wealthlink Holdings Limited (the “Company”) announced a discloseable transaction involving the acquisition of a property in Qingdao City, Shandong Province, PRC, via its wholly owned subsidiaries.
- Transaction Value: The total consideration for the acquisition is RMB 25,500,000 (approximately HK\$29,325,000), to be settled by offsetting part of the outstanding loan sums owed by the Borrowers to the Company’s subsidiary, Top Billion Finance Limited.
- Nature of Property: The asset comprises 170 car park spaces located in the basement of a property project. The property is currently vacant.
- Valuation: The market value of the property, based on a market approach, is estimated at RMB 30,600,000, suggesting the acquisition is being made at a discount.
- Consideration Mechanism: No cash outflow is required; the payment is settled by offsetting loan amounts, thus preserving the Company’s liquidity.
- Expected Rental Income: The Company is negotiating to lease the property to an independent third party, with anticipated annual rental income of approximately RMB 1.02 million.
- Conditions for Completion: Completion is contingent upon obtaining necessary consents and approvals, no breaches of warranties or terms, and satisfactory legal opinion from a PRC adviser. Completion is expected within three business days after all conditions are fulfilled.
- Strategic Rationale: The acquisition aligns with the Company’s strategy to diversify and tap into stable income streams from the PRC property market, and to benefit from potential long-term appreciation.
- Shareholder Impact: The transaction is classified as a discloseable transaction under Chapter 14 of the Hong Kong Listing Rules, and is subject to announcement requirements. It is not considered a connected transaction.
- Corporate Structure: The Purchaser is Daqi Culture (Shenzhen) Co., Ltd., a wholly owned PRC subsidiary; the Lender is Top Billion Finance Limited, a Hong Kong subsidiary and licensed money lender; the Vendor is Qingdao Lushang Jinxiu Real Estates Co., Ltd., a state-owned enterprise.
Important Information for Shareholders
- Potential Price Sensitivity: The acquisition, at a discount to market value and with expected rental income, has potential to positively impact the Company’s earnings and asset base, supporting share value.
- Risk Factors: Completion is subject to several conditions. Should these not be met by 30 June 2026 (or as otherwise agreed), the agreement will lapse without further obligation.
- Liquidity Preservation: The consideration is settled by loan set-off, avoiding cash outflow and potentially improving balance sheet strength.
- Strategic Expansion: The acquisition marks a diversification into the PRC property market, supplementing the Company’s existing business lines in securities, futures, financial investments, money lending, and AI-driven short drama production.
- Future Outlook: With the property vacant and rental negotiations underway, actual rental income may vary, and longer-term property value appreciation remains subject to market conditions.
Detailed Transaction Structure
Sale and Purchase Agreement: Signed on 29 May 2026 between Purchaser, Lender, Vendor, and two Borrowers (Hon Hak Ka and Ai Qing, both individuals and merchants, identified as Independent Third Parties). The Vendor is ultimately owned by a state-owned enterprise.
Outstanding Sums: As of the agreement date, the Borrowers owed approximately HK\$33,687,000 to the Lender. The acquisition consideration (HK\$29,325,000) will be set off against this amount.
Completion Mechanism: If conditions (consents/approvals, warranties, legal opinion) are not met or waived by 30 June 2026, the agreement terminates without liability for either party, except for prior breaches.
Post-Completion Plan: Upon completion, the Purchaser will own the entire right of use for the 170 car park spaces and intends to lease them out for rental income. Negotiations with an independent third party are ongoing, targeting annual rental income of RMB 1.02 million.
Corporate Leadership
The Board comprises 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, and independent non-executive directors Mr. Chan Ngai Fan, Mr. Wu Ming, and Ms. Li Meifeng.
Disclaimer
This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence before making investment decisions. The Company’s future performance and share price may be affected by the completion, rental income realization, and property market conditions in the PRC.
智魚財鏈控股有限公司公布收購內地物業詳情（廣東話版本）
交易重點
- 收購內地物業： 智魚財鏈控股有限公司於2026年5月29日宣布，透過全資子公司收購位於中國山東省青島市的物業。
- 交易金額： 收購總價為人民幣2,550萬元（約港幣2,932.5萬元），以抵銷借款人對公司子公司Top Billion Finance Limited的部分欠款。
- 資產內容： 物業為一個物業項目地下的170個車位，目前空置。
- 估值： 物業市值約為人民幣3,060萬元，意味公司以折讓價格收購。
- 結算機制： 無需現金流出，以貸款抵銷方式結算，保留公司流動資金。
- 預期租金收入： 公司正與獨立第三方商討租賃協議，預期每年租金收入約為人民幣102萬元。
- 完成條件： 須獲得相關批准、無違反協議條款及獲得法律意見，預計於條件達成後三個工作日內完成。
- 策略原因： 收購符合公司多元化策略，擴展穩定收入來源及享有內地物業升值潛力。
- 對股東影響： 根據香港上市規則第14章，屬於須公告之可披露交易，並非關聯交易。
- 公司架構： 買方為大旗文化（深圳）有限公司（全資子公司），貸款方為Top Billion Finance Limited（香港全資子公司及持牌貸款公司），賣方為青島魯商錦繡房地產有限公司（國企）。
股東須知及潛在價格敏感事項
- 價格敏感： 收購折讓及預期租金收入，有機會提升公司盈利及資產基礎，支持股價。
- 風險因素： 完成需多項條件，若未於2026年6月30日前完成，協議將終止。
- 流動資金： 以貸款抵銷方式結算，無現金流出，有助改善財務狀況。
- 業務拓展： 公司進一步涉足內地物業市場，補充現有證券、期貨、投資、貸款及AI短劇業務。
- 前景展望： 物業現時空置，租賃談判進行中，實際租金及物業升值取決於市場。
交易詳情
買賣協議： 於2026年5月29日由買方、貸款方、賣方及兩名借款人（洪克嘉、艾清，均為獨立第三方）簽署，賣方最終由國企持有。
欠款： 截至協議日，借款人共欠貸款方約港幣3,368.7萬元，收購金額（港幣2,932.5萬元）將抵銷部分欠款。
完成機制： 若條件未於2026年6月30日前達成或放棄，協議終止，雙方無進一步責任（除先前違約外）。
完成後安排： 完成後買方將擁有170個車位使用權，計劃出租獲取租金收入，正與獨立第三方商討租賃協議，目標年租金人民幣102萬元。
公司管理層
董事會包括執行董事陳長炯（主席）、陳曉東（副主席）、余清瑞、王金松、彭民權、傅錫全博士及獨立非執行董事陳毅帆、吳明、李美鳳。
免責聲明
本文章只供參考，不構成任何投資建議。投資者應自行進行盡職調查。公司未來表現及股價或受交易完成、租金實現及內地物業市場影響。
