Super Strong Holdings Limited (SEHK:8262) acquired 45% stake in Soar Construction Engineering Co. Limited from Leung Ka Ho for HKD 4.5 million on June 5, 2024. A cash consideration of HKD 3.5 million will be paid by Super Strong Holdings Limited. Super Strong Holdings Limited will pay an earnout payment of HKD 1 million cash. In the event, the actual profit for FY2025 reaches or exceeds the profit target 2025 of HKD 2 million, Super Strong Holdings Limited shall pay an earn-out consideration of HKD 0.5 million. Also, in the event the actual profit for FY2026 reaches or exceeds the profit target 2025 of HKD 2 million, Super Strong Holdings Limited shall pay an earn-out consideration of HKD 0.5 million. For the year ending March 2024, Soar Construction Engineering Co. Limited reported Total revenue of HKD 11.13 million and Net income of HKD 1.26 million.

Super Strong Holdings Limited (SEHK:8262) completed the acquisition of 45% stake in Soar Construction Engineering Co. Limited from Leung Ka Ho on June 5, 2024.