GR LIFE STYLE shareholders transferred stocks from Deutsche Bank to UBS Securities Hong Kong Limited, with a transfer market value of HKD 1.422 billion
On September 19th, GR LIFE STYLE's shareholders transferred shares from Deutsche Bank to UBS Securities Hong Kong Limited, with a transfer market value of HKD 1.422 billion, accounting for 28.31%. In addition, the company signed a non-binding letter of intent with potential sellers, planning to acquire a company primarily engaged in digital healthcare services, aiming to diversify revenue sources and improve shareholder returns
According to the latest information from the Hong Kong Stock Exchange, on September 19, GR LIFE STYLE (00108) shareholders transferred shares from Deutsche Bank to UBS Securities Hong Kong Limited, with a transfer market value of HKD 1.422 billion, accounting for 28.31%.
GR LIFE STYLE (00108) announced that on September 15, 2025, the company entered into a non-binding letter of intent with potential sellers regarding the possible acquisition of 100% equity in a potential target.
According to the information provided by the potential target, the potential target is a limited liability company registered in the People's Republic of China, primarily engaged in digital healthcare services.
The announcement stated that the group has two reportable operating segments, including (i) property management segment; and (ii) property development and investment segment. The first segment operates in China, while the second segment operates in China, the United States of America, and the United Kingdom. While continuing to expand the property management segment and the property development and investment segment, the group has also been exploring potential business opportunities aimed at seeking diversification, broadening its revenue sources, and ultimately improving shareholder returns. The board believes that the anticipated acquisition under the letter of intent aligns with the group's strategic development plan, and if successful, the acquisition could create synergies with the group's existing business and expand the group's revenue sources, thus entering into the letter of intent is in the overall interest of the group and its shareholders
