Aureole Halo Launches HK$0.167 Mandatory Unconditional Offer for Remaining 25% of Rimbaco Group Global

Bulletin Express06-16

Hong Kong, 16 June 2026 – Aureole Halo Ltd. has triggered a mandatory unconditional cash offer to acquire the 25.00% public stake in Rimbaco Group Global after completing the purchase of a 75.00% controlling interest from RBC Venture for HK$157.50 million (HK$0.167 per share).

The offer, handled by CMB International Capital and CEB International Capital, opens today and will close at 4 p.m. on 7 July 2026 unless extended. At HK$0.167 per share, the maximum cash outlay for the 315.00 million shares still held by minority investors is about HK$52.61 million. Acceptance is irrevocable; settlement will occur within seven business days of valid acceptance, net of 0.1% seller’s stamp duty.

Aureole Halo—ultimately owned 70% by Mr. Yao Xiongjie, 20% by Ms. Yao Juanying and 10% by Mr. Chen Dong—funds the offer entirely from internal resources. Financial advisers confirm sufficient resources are available.

Key terms • Offer price: HK$0.167 per share, matching the earlier acquisition price. • Conditions: None; the offer is unconditional. • Timetable: Open 16 June 2026; results announcement by 7 p.m. on 7 July 2026; payment despatch no later than 16 July 2026.

Strategic intentions Aureole Halo plans to keep Rimbaco Group Global listed on the Hong Kong Stock Exchange and to retain current management. A strategic review is expected; while no concrete restructuring or asset injection plans are in place, the new owner may explore investments, divestments or diversification to enhance long-term growth. Any board changes will comply with listing and takeover regulations.

Financial snapshot (Rimbaco Group Global) • Six months ended 30 April 2026: Revenue RM182.68 million; net profit RM15.75 million. • FY 2025 (ended 31 October 2025): Revenue RM259.93 million; net loss RM1.45 million after one-off tax charges. • Net assets: RM123.20 million (HK$238.45 million) as at 30 April 2026, equivalent to HK$0.193 per share—about 13.5% above the offer price.

Post-offer free float With 75.00% already held by Aureole Halo, public shareholders own exactly 25.00% of Rimbaco’s issued share capital. The offeror and the company have undertaken to maintain at least the 25% public float required by the Listing Rules after completion of the offer.

Advisers • Joint Financial Advisers to the Offeror: CMB International Capital Ltd., CEB International Capital Corporation Ltd. • Financial Adviser to the Company: Octal Capital Ltd. • Independent Financial Adviser: Grand Moore Capital Ltd.

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