Cheung Hoo Win, Cheung Lok Chi and Cheung Hoo Yin agreed to acquire remaining 68.15% stake in Styland Holdings Limited (SEHK:211) for HKD 51.7 million on December 15, 2022. Under the terms, Offeror will pay HKD 0.088 per share in cash for the consideration of shares and HKD 0.4 for the Convertible Bonds being the KHD 9.2 million. Offeror will finance the transaction from its own funds.

Currently offeror holds approximately 31.85% stake in Styland Holdings. As of February 3, 2023, the transaction becomes unconditional. Ever-Long Securities Company Limited and Donvex Capital Limited acted as financial advisor to offeror.

Messis Capital Limited acted as a financial advisor to Independent Board Committee of Styland Holdings Limited.