Cityhill, the Hong Kong-listed company that trades under the stock code 00076, said on October 15, 2026 that a wholly owned subsidiary had signed a conditional agreement to buy 69% of AOMI Corporation, the holding company behind Aomi, a food ordering and delivery app in Macau.
The maximum price is HK$754 million (about $97 million). Of that, HK$534 million (about $68.5 million) is due at completion and will be settled in MUP and gold bars, according to the company's filing as reported by Gelonghui. Any balance is payable in MUP and depends on an adjustment mechanism. The seller is Han Carvestone International Limited.
The deal has not yet closed. Cityhill described the agreement as conditional, and the filing summary did not give a target date for completion.
What Aomi built
AOMI Corporation is a private company registered in the Cayman Islands. Its main asset is a 98.75% stake in an operating company referred to in the filing as MED, which runs businesses in Macau and in neighbouring Zhuhai on the Chinese mainland.
MED describes itself as Macau's leading mobile platform for restaurant and merchant ordering and delivery. It operates mainly through the Aomi shopping app, which it developed in-house. The app links three groups of users: restaurants and other merchants, consumers, and delivery riders.
The business began with food ordering and delivery. Using that customer base, it later added a mobile supermarket called Aomi Supermarket, a home delivery service and brand promotion services for merchants.
The filing summary did not give revenue, order volumes, a founding date or a headcount for Aomi, and it did not describe any outside funding rounds.
The founder and an unusual link to the buyer
The remaining 1.25% of MED is held by Jiang Haitao, whom the filing identifies as MED's founder and a director. He is described as a senior manager with experience in internet services.
Jiang has also been an employee of the Cityhill group since 2021. The company said it hired him to lead the development of its internet-related projects, with a main responsibility for finding possible business partnerships with internet service companies. That means the buyer is acquiring a business founded by one of its own staff, although the shares are being bought from Han Carvestone rather than from Jiang.
The summary of the announcement did not say who controls Han Carvestone or how the HK$754 million figure was set.
Why Cityhill is buying
Cityhill's directors said the acquisition would widen the group's revenue base and add technology capability. In particular, they said it would provide technical support for turning the group's graphite business into a platform.
After completion, Cityhill plans to expand Aomi's business beyond Macau step by step. Its joint venture Go Meta Limited is expected to combine its existing technology, mainly artificial intelligence, with the Aomi platform to improve data sharing between the businesses, make operations more efficient for users and add more categories of local services.
The company also said it expects the deal to speed up the development of a digital trading platform for graphite products, moving that business towards a more digital and automated model and helping the group take advantage of opportunities created by artificial intelligence.
An unusual way to pay
Settling most of the completion payment in gold bars and MUP is rare for an acquisition of a consumer app. Cityhill's announcement, as summarised, did not explain the choice of payment or how the value of the gold would be fixed on the completion date.
Dealroom's report on the filing gave two different dollar figures, $96.1 million in its headline and up to $91.1 million in its text. The HK$754 million maximum in the company's announcement converts to roughly $97 million.
If the deal closes, Aomi will become part of a listed group that wants to use it both as a base for expansion outside Macau and as a technology arm for a commodity business that has nothing to do with food delivery. Cityhill did not say whether Aomi's management or brand would change after completion.
