Ye Huacong made an offer to acquire remaining 26.18% stake in Hephaestus Holdings Limited for HKD 26.19 million.
Offer is unconditional in all aspects when it is made and is not conditional upon acceptances being received in respect of a minimum number of Shares. Transaction is expected to close on January 18, 2022. Kingston Corporate Finance acted as the financial advisor to Ye. Trinity Corporate Finance Limited acted as financial advisor to directors of Hephaestus Holdings Limited. Merdeka Corporate Finance Limited acted as financial advisor to Hephaestus Holdings Limited. Union Registrars Limited acted as registrar in the transaction.