--- title: "ELATE HOLDINGS Proposes to Acquire 69% Equity Stake in AOMI Corporation for Up to HK$754 Million" type: "News" locale: "en" url: "https://longbridge.com/en/news/301995555.md" description: "ELATE HOLDINGS announced that its wholly-owned subsidiary, Cityhill Limited, proposes to acquire a 69% equity stake in AOMI Corporation for a maximum consideration of approximately HK$754 million. Part of the transaction consideration will be settled in MUP and gold bars, with the balance payable in MUP. This acquisition aims to leverage the target company's mature business model and technology through its Aomi online shopping platform to assist the Group in expanding its third-generation internet projects, particularly by providing technical support for the platform-based transformation of its graphite business and broadening its revenue base" datetime: "2026-10-15T14:55:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/301995555.md) - [en](https://longbridge.com/en/news/301995555.md) - [zh-HK](https://longbridge.com/zh-HK/news/301995555.md) generator: "portal-rs" --- # ELATE HOLDINGS Proposes to Acquire 69% Equity Stake in AOMI Corporation for Up to HK$754 Million According to Zhitong Finance APP, ELATE HOLDINGS (00076) announced that on October 15, 2026, the Company's wholly-owned subsidiary, Cityhill Limited, proposed to acquire 69% of the total issued share capital of AOMI Corporation from Han Carvestone International Limited. The maximum consideration is approximately HK$754 million, of which HK$534 million will be settled in MUP and gold bars upon completion, while the balance (if any) will be paid in MUP, subject to the adjustment mechanism. Since 2025, the Group has been exploring the development of third-generation internet-related projects, including the establishment of trading platforms for commodities and other goods. GoMeta Limited was incorporated for this purpose. If the acquisition is completed, it will serve as the starting point and foundation for the Group to establish an AI-enabled trading platform that directly connects with consumers for the sales and delivery of food, daily necessities, and services. The target company holds a 98.75% equity interest in MED, and MED operates a leading and rapidly growing delivery business in Macau, China, and Zhuhai through the Aomi online shopping platform. The Company believes that the Aomi online shopping platform possesses a mature business model and advanced platform technology, supported by a professional R&D team of over 100 people. The Aomi online shopping platform has independently developed all its business software systems and holds multiple intellectual property rights, including utility model patents, design patents, software copyrights, and trademarks. The Directors believe that the acquisition will enable the Group to broaden its revenue base and enhance its technological capabilities, particularly by providing technical support for the platform-based transformation of its graphite business. Upon completion, the Group plans to gradually expand Aomi's business beyond Macau. The Group's joint venture, GoMeta Limited, will be able to combine its existing technologies (primarily artificial intelligence) with the platform capabilities of the Aomi online shopping platform, thereby enhancing data synergies, improving user operational efficiency, and expanding the categories of local life services. At the same time, this move is expected to accelerate the transformation of the Group's graphite business towards a digital and intelligent platform model by developing a digital trading platform for graphite products, and enhance the Group's ability to capture opportunities brought about by the development of artificial intelligence. Following the acquisition, the Group will continue to prioritize the development of its graphite business as its core strategy, while expanding its graphite product trading, supply chain management, and related businesses. The primary purpose of the acquisition is not merely to operate the target company's existing local life services business, but rather to acquire its established and market-validated digital platform capabilities (including mature software platforms, trading systems, platform operational experience, software development capabilities, and professional teams), thereby laying the foundation for the Group to build a digital trading platform, promote the digital transformation of its graphite business, and develop smart supply chains. The Board of Directors believes that, compared to the Group developing a new digital platform from scratch, the target company has already established a mature platform architecture, software systems, and operational framework, and possesses the technical capabilities to develop and maintain large-scale digital platforms. These platform capabilities have been validated through years of commercial operations and can provide a reliable foundation for the Group's future digital platform development, shortening the development cycle, reducing construction costs, and minimizing project execution risks. The Board of Directors believes that these capabilities are not limited to specific industries and can be further applied to various types of trading platforms; the Group intends to utilize these mature capabilities to accelerate the digital transformation of its graphite business. Upon completion of the acquisition, the Group plans to gradually introduce artificial intelligence technologies (including intelligent transaction matching, price analysis, demand forecasting, inventory management, logistics optimization, and supply chain collaborative management) to further enhance platform efficiency. These technologies will be gradually applied to graphite product trading and supply chain management to improve the overall competitiveness of the Group's existing graphite business. ### Related Stocks - [00076.HK](https://longbridge.com/en/quote/00076.HK.md) ## Related News & Research - [Elate Holdings to Acquire 69% Stake in Target Firm via Asset-Backed Deal](https://longbridge.com/en/news/301998847.md) - [Elate Holdings sets November 19 shareholder vote on 69% AOMI stake acquisition](https://longbridge.com/en/news/303706785.md) - [Elate Holdings Announces Extraordinary General Meeting](https://longbridge.com/en/news/303710496.md) - [JAMNAAUTO: Higher consolidated sales and profit; Owen Springs acquired, but H1 operating cash flow turned negative](https://longbridge.com/en/news/305541732.md) - [Advanta To Strengthen Market Presence in Africa with Strategic Acquisition of Hytech](https://longbridge.com/en/news/305545321.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**