RIMBACO Appoints Grand Moore Capital as Independent Adviser for Aureole Halo’s Mandatory Unconditional Offer

Bulletin Express04-27 20:47

Rimbaco Group Global Limited (RIMBACO) has engaged Grand Moore Capital Limited as the Independent Financial Adviser (IFA) to assess Aureole Halo Limited’s mandatory unconditional cash offer for all issued shares not already owned by the offeror and its concert parties.

Grand Moore Capital, licensed under the Securities and Futures Ordinance for Type 1 (dealing in securities) and Type 6 (advising on corporate finance) activities, will advise RIMBACO’s Independent Board Committee on the fairness and reasonableness of the offer and on the recommended course of action for shareholders.

The IFA’s formal opinion, together with the committee’s recommendations, will be included in a composite document to be dispatched to shareholders in accordance with the Hong Kong Takeovers Code.

RIMBACO’s board reminds shareholders and potential investors to exercise caution when dealing in the company’s shares and to seek professional advice if in doubt.

As of 27 April 2026, RIMBACO’s board comprises five executive directors—Low Seah Sun (Chairman), Low Wui Linn, Seah Peet Hwah, Cheang Wye Keong and Lau Ah Cheng—one non-executive director, Tong Kai Tak, and three independent non-executive directors, Ng Kok Seng, Wong Chi Wai and Yeo Chew Yen Mary.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment