LION ROCK GROUP (01127) intends to acquire Australian printing business from LEFTFIELD PRINT (01540) for HK$132 million.

LION ROCK GROUP (01127) and LEFTFIELD PRINT (01540) jointly announced that on June 25, 2026, LION ROCK GROUP (01127) indirectly wholly-owned subsidiary Wiseland Ventures Limited intends to acquire the entire issued share capital of OPUS Book Printing Group Holdings Pty Ltd from LEFTFIELD PRINT (01540) wholly-owned subsidiary OPUS Group Pty. Ltd. for a consideration of HK$132 million. Upon approval by the shareholders of Aushion at a special general meeting and upon completion, Aushion intends to distribute a special dividend of HK$0.30 per Aushion share (equivalent to approximately HK$150 million) to Aushion shareholders as listed in the register of members on the record date. It is reported that the target group has established its market leading position in the Australian book printing industry through its operating entities McPherson, Marvel, and Griffin. The target group mainly engages in the production of exciting reading books and catalogs, operation manuals, and promotional leaflets in Australia. McPherson was established in 1971 and was later merged into the Aushion Group in 2012 through an initial merger. Subsequently, Aushion Group acquired Griffin and Marvel in 2022 and 2025 respectively, merging the businesses of these entities with McPherson to form a unified operating platform. Within this operating platform, the various businesses have a high level of operational interdependence, as most of Marvel's revenue comes from binding orders from McPherson and Griffin, while McPherson and Griffin rely on Marvel to meet their book binding needs. The announcement states that LION ROCK GROUP is mainly engaged in the printing and publishing business, some of which is conducted through the target group. This transaction enables LION ROCK GROUP to leverage its stronger financial resources, gain direct ownership without minority shareholder rights, and access all economic benefits and future profits of the target group and its existing customer network. The target group currently operates in three separate factories, with production yet to be integrated and requiring structural upgrades and replacements of equipment. Given the target group's mature business operations and dominant position in the Australian book printing market, its future financial growth highly depends on unlocking operational benefits and expanding into new markets. This transaction provides LION ROCK GROUP with a strategic opportunity to optimize the operations of the target group comprehensively, reduce operational redundancy, improve fixed asset turnover, and achieve long-term profit synergies from the target group through its solid capital base, strong financing capabilities, multinational business layout, and extensive economies of scale.