ISP GLOBAL (08487) subsidiary plans to acquire 60% of Way Rich Limited's shares for HK$10,000

According to Zhitong Finance App, ISP GLOBAL (08487) announced that on October 2, 2026, the buyer (Guo Du Industrial Limited, an indirect wholly-owned subsidiary of the company) plans to acquire 60% of the issued share capital of the target company Way Rich Limited from the seller, Ms. Gong Huiqin, at a cost of HK$10,000. After completion, the target company will become an indirect non-wholly-owned subsidiary of the company, and the target company's financial performance, assets and liabilities will be incorporated into the group's financial statements.

The target company is a limited company incorporated under the laws of Hong Kong, China, which mainly deals in physical goods. The main metal product is cathode copper, which is usually a registered brand on the London Metal Exchange (LME). The target company was established in Hong Kong, China. It is a comprehensive commodity trade and supply chain service organization, deeply involved in cross-border physical trade and supply chain management in the Asia-Pacific region. Currently, it mainly focuses on cross-border spot trade in metal categories. In the future, it plans to gradually expand to agricultural products and chemicals, and provide supply chain management services.

Affected by the high saturation of the e-commerce industry in mainland China and fierce price competition, the company lost money due to declining earnings and gross profit. In response to the fierce competition in the e-commerce industry, the Group has been looking for business opportunities with the aim of diversifying its business and entering the physical goods trading industry in the Asia-Pacific region.

The main business of the target company is physical product trading. The main metal product is cathode copper, which is usually an LME registered brand. After considering the continued growth in demand for cross-border commodity trade and supply chain management in the Asia-Pacific region, the directors believe that the proposed acquisition provides an opportunity for the target company to enter the cross-border commodity trade and supply chain management business, expand the scale of the business, and bring diversified revenue streams.