---
title: "New Hope Service Boosts Stake to 96.5% in Key Subsidiary via Connected Deal"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283061239.md"
description: "New Hope Service Holdings Limited has announced an agreement to acquire an additional 45.5% equity interest in a non-wholly owned subsidiary for RMB74.85 million, raising its stake to 96.5%. The deal is classified as a discloseable and connected transaction under Hong Kong listing rules, endorsed by the board as fair. The latest analyst rating for the stock (HK:3658) is a Buy with a price target of HK$2.50. The company operates in property-related services and aims to consolidate control over key subsidiaries."
datetime: "2026-04-16T22:38:26.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283061239.md)
  - [en](https://longbridge.com/en/news/283061239.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283061239.md)
---

# New Hope Service Boosts Stake to 96.5% in Key Subsidiary via Connected Deal

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New Hope Service Holdings Limited ( (HK:3658) ) has issued an announcement.

New Hope Service Holdings Limited has agreed, through an indirect wholly owned subsidiary, to acquire an additional 45.5% equity interest in a non-wholly owned subsidiary for RMB74.85 million. Following completion, the group’s stake in the target company will rise to 96.5% through the purchaser and Chengdu Xingfan, significantly increasing its control over the entity.

Because the seller is a substantial shareholder in the target and thus a connected person at the subsidiary level, the deal is classified both as a discloseable and connected transaction under Hong Kong listing rules. The board, including independent non-executive directors, has endorsed the terms as fair and on normal commercial terms or better, allowing the transaction to proceed with reporting and announcement obligations but without requiring shareholder approval or an independent circular.

The most recent analyst rating on (HK:3658) stock is a Buy with a HK$2.50 price target. To see the full list of analyst forecasts on New Hope Service Holdings Limited stock, see the HK:3658 Stock Forecast page.

**More about New Hope Service Holdings Limited**

New Hope Service Holdings Limited is a Hong Kong-listed company incorporated in the Cayman Islands, operating through subsidiaries in property-related or service-oriented businesses. It manages its operations via wholly owned and non-wholly owned units, using equity acquisitions to consolidate control over key subsidiaries and align interests with major shareholders.

**Average Trading Volume:** 206,456

**Technical Sentiment Signal:** Strong Buy

**Current Market Cap:** HK$1.62B

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