RIMBACO: Aureole Halo Completes Mandatory Offer, Increases Holding to 75.02% as Public Float Slips Below Listing Threshold

Bulletin Express07-07

Rimbaco Group Global Limited (RIMBACO) and Aureole Halo Limited jointly announced the conclusion of Aureole Halo’s mandatory unconditional cash offer at 16:00 on 7 July 2026. The offer, priced at HK$0.167 per share, was neither revised nor extended prior to closing.

Only 200,000 shares—equivalent to 0.02% of RIMBACO’s issued share capital—were tendered. This results in a total cash consideration of HK$0.03 million, with remittances to be dispatched no later than 16 July 2026.

Following settlement, Aureole Halo and parties acting in concert will hold 945.20 million shares, representing 75.02% of RIMBACO’s enlarged share capital, up from 75.00% before the offer period. Public shareholders will retain 314.80 million shares, or 24.98% of the company—below the 25% minimum public float required under Hong Kong Listing Rule 8.08(1)(a).

RIMBACO has applied to the Stock Exchange for a temporary waiver of the public-float requirement. Both the company and Aureole Halo have pledged to implement measures, potentially including share placements, to restore compliance “as soon as possible.” Further announcements will be made upon rectification.

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