DoThink Investment and Sino Golf (00361) Announce Completion of Transaction and Unconditional Cash Offer

Bulletin Express11-12

DoThink Investment Limited (the “Offeror”) and Sino Golf Holdings Limited (00361) (“Sino Golf”) jointly announced the completion of the sale and purchase of certain shares and a convertible bond (the “Sale CB”) with a total consideration of HK$93,341,202. The transaction closed on 12 November 2025 after trading hours.

Immediately following completion, the Offeror exercised its full conversion rights under the Sale CB, which will result in the issue of 650,000,000 new shares of Sino Golf. Before conversion, the Offeror held 2,601,200,000 shares (50.011% of the total issued shares). Upon full conversion, the Offeror will own 3,251,200,000 shares, representing approximately 55.564% of the enlarged share capital.

As a result of surpassing the relevant ownership threshold, the Offeror is obliged under the Hong Kong Takeovers Code to make a mandatory unconditional cash offer for all remaining Sino Golf shares not already owned or agreed to be acquired. A composite document detailing the offer terms, along with the form of acceptance, is expected to be dispatched on or before 19 November 2025.

Shareholders and potential investors are advised to exercise caution when dealing in the securities of Sino Golf.

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.

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