SG GROUP HLDGS Announces Completion of Share Purchase Agreement, Triggering Mandatory Cash Offer

Stock News06-23

The share purchase agreement's conditions have been satisfied, with completion occurring on June 23, 2026.

Pursuant to the agreement, the offeror, Hong Kong Weiye Software Co., Ltd., has acquired a total of 23.97 million shares for an aggregate consideration of HK$199 million.

Immediately prior to completion, the offeror, its ultimate beneficial owners, its directors, and parties acting in concert with the offeror (excluding the seller) held no shares. The seller held an interest in the 23.97 million shares subject to the sale.

Following the completion, the offeror and its concert parties collectively hold 23.97 million shares, representing approximately 74.91% of the company's total issued share capital as of the date of this joint announcement.

Consequently, under Rule 26.1 of the Takeovers Code, the offeror is required to make a mandatory unconditional cash offer for all issued shares not already owned or agreed to be acquired by the offeror and its concert parties.

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