PEIPORT HOLD (02885) and the offeror, Hong Kong Liye Group Limited, jointly announced that on November 4, 2026, the offeror intends to acquire 280 million shares from Peiport Alpha Limited, representing 70.0% of the company's total issued share capital as at the date of this joint announcement, for a total cash consideration of HK$233.8 million, or HK$0.835 per sale share.
Immediately following completion, the offeror will hold an interest in 280 million shares, representing approximately 70.0% of the total issued share capital as at the date of this joint announcement. Accordingly, upon completion, the offeror will be required under Rule 26.1 of the Takeovers Code to make a mandatory unconditional cash offer for all issued shares (other than those already owned and/or agreed to be acquired by the offeror, its ultimate beneficial owners and any of their parties acting in concert).
The offer price per offer share is HK$0.835 in cash, representing a discount of approximately 26.75% to the closing price of HK$1.140 per share as quoted on the Stock Exchange on the last trading day. In addition, the company has applied for resumption of trading in its shares on the Stock Exchange with effect from 9:00 a.m. on November 10, 2026.
It is understood that the offeror is wholly owned by Shenzhen Liye, which in turn is owned as to 99.9% by Mr. Lin Li and 0.1% by Ms. Zhong Juqing.
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