SU Group plans $721,000 safety deal

• SU Group Holdings agreed to acquire 100% of KM Safety Solution Company Limited.
• The transaction value is HK$5.616 million, or about US$721,000, payable in cash.
• The acquisition is intended to expand SU Group’s safety and security technology offerings.

SU Group Holdings (NASDAQ:SUGP) agreed through its wholly owned subsidiary to acquire 100% of KM Safety Solution Company for HK$5.616 million, or approximately US$721,000.

The acquisition remains subject to completion conditions, including satisfactory due diligence, required approvals, and consents, with the agreement set to terminate if conditions are not met or waived by October 31, 2026.

KM Safety Solution provides safety solutions and consultancy services and holds distribution rights in Hong Kong for intelligent emergency lighting control products under a 24-month agreement beginning July 22, 2026.

SU Group said the proposed acquisition is intended to expand its technology-enabled safety and security offerings while complementing its existing security engineering capabilities.

SU Group provides security-related engineering services and technology solutions, including systems designed for commercial and industrial applications.

The company said the transaction remains subject to closing conditions and noted that there is no assurance the acquisition will be completed.