NHC Foods' Subsidiary Acquires 100% Stake in Conquer Enterprises Limited
NHC Foods Limited has completed a significant strategic investment through its foreign subsidiary, acquiring a full stake in Conquer Enterprises Limited, a Hong Kong-based trading company.NHC INTERNATIONAL L.L.C-FZ, a foreign subsidiary of NHC Foods Limited, successfully invested and acquired 100% of the paid-up share capital of Conquer Enterprises Limited. This acquisition, which was effective on March 11, 2026, has established Conquer Enterprises Limited as a foreign step-down subsidiary of the company.
Conquer Enterprises Limited is incorporated and registered in Hong Kong and operates in the trading business of various products, including Metals, Steel products, and various Agro products.
The acquisition was completed for US$ 1,29,032 (HK$ 10,00,000) in cash consideration. NHC INTERNATIONAL L.L.C-FZ acquired 10,00,000 Ordinary Shares at HK$ 1 per share, constituting 100% of the paid-up share capital of Conquer Enterprises Limited.
Key Details of Conquer Enterprises Limited
| Parameter | Detail |
|---|---|
| Name | Conquer Enterprises Limited (Hong Kong) |
| Industry | Trading of various products (Metals, Steel products, Agro products) |
| Paid Up Share Capital | US$ 1,29,032 (HK$ 10,00,000) |
| Turnover (as of March 31, 2025) | US$ 95,503,005 |
| Incorporation Date | June 30, 2022 |
Financial Overview and Strategic Objectives
The move is viewed by the company as a strategic investment that enables NHC Foods Limited to venture into new avenues and accelerate existing business growth.The financial history of Conquer Enterprises Limited, based on its audited turnover for the last three years, is detailed below:
| Financial Year | Turnover (USD) |
|---|---|
| 2024-25 | 95,503,005 |
| 2023-24 | 64,269,115 |
| 2022-23 | 47,414,110 |
Stock Price Movement
As of 14:22, shares of NHC Foods Ltd are currently ticking down to ₹0.90, reflecting a decline of 1.10%. The stock has traded within a range today, having moved from an intraday low of ₹0.88 up to a high of ₹0.94.Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.