Riverine China names Diligent Capital and Pelican Financial as joint independent advisers for Yomi.sun takeover offer

Bulletin Express06-18

Riverine China Holdings Limited (Riverine China) has appointed Diligent Capital Limited and Pelican Financial Limited as joint independent financial advisers to guide the company’s Independent Board Committee on the terms and acceptance of the takeover offer from Yomi.sun Holding Limited, according to a 18 June 2026 filing.

Both advisers hold Type 6 licences (advising on corporate finance) under Hong Kong’s Securities and Futures Ordinance, satisfying regulatory requirements for such engagements. Their appointments were endorsed by Riverine China’s Independent Board Committee pursuant to Rule 2.1 of the Hong Kong Takeovers Code.

The advisers’ formal opinion will be included in the composite offer document to be dispatched to shareholders in accordance with Takeovers Code timelines. Shareholders and potential investors are urged to monitor forthcoming announcements on the offer’s progress and to exercise caution when dealing in Riverine China shares.

Riverine China’s board currently comprises four executive directors—Chairman Xiao Xingtao, Fu Qichang, Xiao Yuqiao and Wang Hui—non-executive director Zhang Yongjun, and three independent non-executive directors Cheng Dong, Weng Guoqiang and Shu Wa Tung Laurence.

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