ES SERVICES (01995) announced on December 12, 2025, that Spectron Enterprises Limited (Spectron), a wholly-owned subsidiary of CIFI Holdings, has entered into a three-year prepaid call option transaction with LMR Multi-Strategy Master Fund Limited. Additionally, an agreement was signed for the sale and swap of 407 million company shares (collectively referred to as the Proposed Transaction).
Upon the effective date, Spectron will transfer its entire stake in the company (representing approximately 23.54% of the total issued share capital as of the announcement date). This transfer will result in the company no longer being consolidated in the financial statements of CIFI Holdings.
The board expects that the implementation of the Proposed Transaction will not adversely affect the group's business operations. The company will issue further announcements regarding the Proposed Transaction in compliance with listing rules and applicable laws at the appropriate time.
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