Haitong Securities Co., Ltd. (SHSE:600837) made an offer to acquire 26.6% stake in Haitong International Securities Group Limited (SEHK:665) for HKD3.5 billion on September 26, 2023. The Offeror proposes to finance the cash consideration payable under the Proposal and the Share Option Offer in full through the External Financing. Somerley Capital, the financial adviser to the Offeror, is satisfied that sufficient financial resources are available to the Offeror to satisfy the maximum amount of cash consideration payable under the Proposal and the Share Option Offer.