Changes in Hong Kong stocks | Guorui Life (00108) fell more than 4% at the end of the session and recently plans to acquire Beijing Chunyu Tianxia Software's total issued share capital of about 78.3% for 269 million yuan

The Zhitong Finance App learned that Guorui Life (00108) fell more than 4% at the end of the session. As of press release, it fell 4.02% to HK$3.82, with a turnover of HK$264.32,200.

According to the news, Guorui Life issued an announcement regarding the conclusion of a non-legally binding letter of intent between the Company and the seller regarding the Group's possible acquisition of 100% of the shares of potential targets (mainly engaged in digital medical services). The Board is pleased to announce that on December 5, 2025, the Company and its subsidiary entity, a Chinese operating entity (as the buyer) entered into such an agreement. The Chinese operating entity conditionally agreed to purchase and the seller conditionally agreed to sell shares (the target company Beijing Chunyu Tianxia Software's total issued share capital is approximately 78.3%) at a cost of approximately RMB 269 million (equivalent to approximately HK$294.8 million), and will be paid by issuing and allocating 147 million shares at a cost of HK$1.6 million per share at the issue price, subject to compliance with the prerequisites.

As far as the proposed acquisition is concerned, the Chinese operating entity and the seller entered into four agreements on December 5, 2025, namely a share sale agreement; a cash purchase agreement; a Class A subscription agreement; and a Class B subscription agreement. The share sale agreement will take effect immediately after the Company, the Chinese operating entity and the seller are formally signed. According to its terms, if all applicable subscribers fail to obtain the necessary ODI approval within 365 days from the date of the share sale agreement, the share sale agreement will be terminated. Although the cash sale agreement and the share sale agreement were signed on the same day, they only came into effect after the share sale agreement was terminated. A cash sale agreement is an alternative settlement arrangement for a proposed acquisition if the share sale agreement fails to proceed.