Zhuhai Jiuzhou Holdings Group Co.,Ltd made an offer to acquire remaining 38.5% stake in Zhuhai Holdings Investment Group Limited (SEHK:908) for HKD 1.7 billion on January 17, 2021. Under the terms of consideration, buyer will acquire 549.6 million shares for HK 3.06 per share. The Offeror intends to finance and satisfy the consideration payable under the Scheme by a loan facility granted by China Merchants Bank Co., Ltd., Hong Kong Branch which is secured by, among other things, the Shares owned by the Concert Group. The deal is subject to approval from National Development and Reform Commission, Ministry of Commerce and State Administration of Foreign Exchange, approval from shareholders of Concert Group. As of March 22, 2021, both Zhuhai Jiuzhou Holdings Group Co.,Ltd and Zhuhai Holdings Investment Group Limited are pleased to announce that Zhuhai Jiuzhou Holdings Group had obtained the relevant approvals from the Ministry of Commerce and the National Development and Reform Commission on March 10, 2021 and March 11, 2021 respectively, and registration with the State Administration of Foreign Exchange was completed on March 19, 2021. On May 18, 2021, the transaction was approved by the shareholder of Zhuhai Holdings Investment Group Limited. On June 8, 2021, the transaction was sanctioned by the court. On June 15, 2021, all condition of the transaction was fulfilled. The listing of the shares on the Stock Exchange will be withdrawn on June 18, 2021. The deal is expected to be completed by September 15, 2021. There will be no material adverse change to the business, assets, financial or trading position of the Group, each taken as a whole. Essence Corporate Finance (Hong Kong) Limited acted as financial advisor to offeror in the deal. Tricor Tengis Limited acted as share registrar for Zhuhai Holdings Investment Group. VMS Securities Limited acted as Independent Financial Adviser to advise the Independent Board Committee as to whether the Proposal is fair and reasonable. Shue Sing Churk and Jonathan Hsui of Allen & Overy Hong Kong acted as legal to Zhuhai Jiuzhou Holdings Group Co.,Ltd. Zhuhai Jiuzhou Holdings Group Co.,Ltd. completed the acquisition of remaining 38.5% stake in Zhuhai Holdings Investment Group Limited (SEHK:908) on May 20, 2021.