IDT International Shares Acquired by Joint Offerors in Mandatory Cash Offer

Reuters11-17

IDT International Shares Acquired by Joint Offerors in Mandatory Cash Offer

Hong Kong Hunglap Technology Co., Limited and Horizon Heights Ltd. have entered into a sale and purchase agreement with the receiver for the acquisition of shares in IDT International Limited. This follows the appointment of a receiver for 312,432,503 shares, representing approximately 72.10% of IDT International Limited's issued share capital, previously held under a share charge by Tiger Energy. The agreement was finalized on October 22, 2025, prior to market trading hours. Additionally, a mandatory unconditional cash offer will be made by Lego Securities Limited on behalf of the joint offerors to acquire all issued shares of IDT International Limited not already owned or agreed to be acquired by them and parties acting in concert. Trading in the shares has resumed.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IDT International Limited published the original content used to generate this news brief on November 17, 2025, and is solely responsible for the information contained therein.

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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