Longhui International Holdings Limited has engaged Aurelius Corporate Finance Limited—licensed for Type 6 regulated activities under Hong Kong’s Securities and Futures Ordinance—as the Independent Financial Adviser for its Independent Board Committee and Independent Shareholders. The mandate covers assessment of the fairness and commercial terms of the Sale and Purchase Agreement for Longhui’s proposed acquisition of a 51% equity stake in Go Forward Corporation Limited, including the issuance of a Promissory Note.
The adviser’s opinion will be incorporated into a shareholder circular targeted for dispatch on or before 30 June 2026, subject to the Independent Board Committee’s approval already secured.
Trading in Longhui International’s shares has been halted since 9:00 a.m. on 31 March 2025 and will remain suspended until the company satisfies the Stock Exchange’s resumption guidance. Management reiterated that completion of the acquisition hinges on meeting or, where applicable, waiving the stipulated conditions precedent, and urged investors to exercise caution when dealing in the company’s securities.
The board currently comprises three executive directors—Chairman Hung Shui Chak, So Kam Chuen and Yuan Mingjie—and three independent non-executive directors—Tam Bing Chung Benson, Cheung Ting Pong and Leung Chee Wai Mochi.
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