IBI GROUP HLDGS plans to sell 80% equity of Building Solutions Limited for HKD 1.5 million
IBI GROUP HLDGS announced that it will sell 80% of the equity of Building Solutions Limited held by its wholly-owned subsidiary IBI Group Limited for HKD 1.5 million. The buyer is Mr. Yan Jian Song, and the transaction is expected to be completed on October 24, 2025. This sale will result in the target company being wholly owned by the buyer, and the group will no longer consolidate its financial performance. The board believes that this move will help the group focus on its core business, enhance operational efficiency and financial condition, and achieve sustainable growth
According to a report from Zhitong Finance APP, IBI GROUP HLDGS (01547) announced that on October 24, 2025 (after trading hours), the seller (the company's indirect wholly-owned subsidiary IBI Group Limited) entered into a share purchase agreement with the buyer (Mr. Yan Jian Song), under which the seller agreed to sell the sale shares (representing 80% of the issued share capital of the target company Building Solutions Limited) to the buyer for HKD 1.5 million. As of the date of this announcement, the buyer holds 2,000 ordinary shares of the target company, representing 20% of the issued share capital of the target company. Upon completion, the target company will be wholly owned by the buyer, and the financial performance of the target company will no longer be consolidated into the group's financial statements.
The sale shares include 8,000 ordinary shares of the target company, which represent all the shares held by the seller in the target company, accounting for 80% of the issued share capital of the target company. The target company is a limited company established in Hong Kong, primarily engaged in providing products and services that enhance the performance and well-being of the built environment, focusing on improving air quality in workspaces and providing modern sustainable building materials.
After considering the financial performance of the target company and its business and operational conditions, the board of directors believes that the sale is appropriate for the group to refocus on its core business. The sale will streamline the group's business structure and concentrate resources on existing core business segments, thereby enhancing operational efficiency and consolidating its financial position for sustainable growth
