Cityhill to buy 69% of Macau delivery platform AOMI for $96.1M
What's the deal? Hong Kong-listed CityhillDealroom has a profile for this one. Try Dealroom → (00076.HK) will acquire a 69% stake in AOMIDealroom has a profile for this one. Try Dealroom → Corporation for up to US$91.1M, according to a filing dated October 15, 2026. Its wholly owned subsidiary Cityhill Limited signed the share purchase agreement with seller Han Carvestone International Limited.
How it's structured: US$64.5M will settle on completion through MUP and gold bars, with any balance paid in MUP, subject to an adjustment mechanism. AOMIDealroom has a profile for this one. Try Dealroom →, a Cayman Islands company, holds 98.75% of MED; founder and director Jiang Haitao retains the remaining 1.25%.
What does the target do? MED operates in Macau and Zhuhai. Through its Aomi platform, it runs a mobile ordering and delivery service connecting restaurants, merchants, consumers, and delivery riders in Macau.
What's the endgame? MED started in food ordering and delivery, then expanded into a mobile supermarket, home delivery, and brand promotion. Cityhill says the deal will broaden its revenue base and strengthen its technical capabilities, and it plans to expand Aomi beyond Macau after completion.
Why now? Jiang has been a group employee since 2021, hired to lead its internet-related projects and scout partnerships with internet service firms. The acquisition formalises that push into digital services.
The signal: Cityhill is tying a consumer delivery platform to its graphite business, aiming to build a digital trading platform for graphite products. Joint venture Go Meta Limited would combine its AI technology with Aomi's platform to deepen data synergies and widen local life-services categories.
Read more: sohu.com
Image credit: tboothhk
