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Wisdom Sports Group ( (HK:1661) ) just unveiled an update.
The company has agreed to sell the entire issued share capital of a subsidiary (the Target Company) for HK$8 million under a sale and purchase agreement signed on 24 December 2025, and to assign a large prepayment asset of approximately RMB96.23 million (HK$105.76 million) from the target group to its Shenzhen Qianke unit, meaning this prepayment will not be part of the disposal. Upon completion, the Target Company will cease to be a subsidiary and its results will no longer be consolidated, a move driven by the target group’s weakening financial performance, including declining media content revenues and a second consecutive year of operating losses; the transaction is classified as a discloseable transaction under Hong Kong listing rules, requiring announcement but not shareholder approval, and remains conditional, so investors are cautioned that it may or may not proceed.
The most recent analyst rating on (HK:1661) stock is a Sell with a HK$0.69 price target. To see the full list of analyst forecasts on Wisdom Sports Group stock, see the HK:1661 Stock Forecast page.
More about Wisdom Sports Group
Wisdom Sports Group, now renamed and incorporated in the Cayman Islands with limited liability and listed in Hong Kong under stock code 1661, operates in the media and sports-related sector, including media content production and distribution in mainland China and through subsidiaries such as Shenzhen Qianke.
Average Trading Volume: 74,772
Technical Sentiment Signal: Sell
Current Market Cap: HK$152.2M
Learn more about 1661 stock on TipRanks’ Stock Analysis page.