NHC Foods Subsidiary Acquires Conquer Enterprises for $129,032

NHC Foods Limited's foreign subsidiary, NHC INTERNATIONAL L.L.C-FZ, has acquired 100% of the paid-up share capital of Conquer Enterprises Limited, a Hong Kong-based trading company, for US$129,032. This acquisition, completed on March 11, 2026, marks Conquer Enterprises as a foreign step-down subsidiary. The acquired entity trades in metals, steel products, and agro products, with a turnover of US$95.5 million in FY25. This strategic investment aims to open new business avenues and accelerate growth. The transaction was conducted in cash and is not considered a related party transaction.