SIS INT'L (00529) will invest about 8.349 million Hong Kong dollars to acquire 50.01% stake in Gestetner and intends to make a mandatory tender offer to the remaining shareholders.

SIS International (00529) announced on October 13, 2025, that the company's wholly-owned subsidiary, Seying Limited, registered in Hong Kong (the Buyer), has acquired a total of 1,329,100 ordinary shares of Gestetner of Ceylon Plc (Gestetner) through a transaction executed on the Colombo Stock Exchange (CSE). This represents 50.01% of the issued shares of Gestetner, at a price of 239.75 Sri Lankan Rupees per share, with a total cash consideration of 321 million Sri Lankan Rupees (equivalent to approximately 83.49 million Hong Kong dollars), including transaction costs of 2.4593 million Sri Lankan Rupees (equivalent to approximately 6.39 million Hong Kong dollars). Gestetner is registered in Sri Lanka and its shares are listed on the CSE (stock code: GEST). It is primarily engaged in the import and supply of office automation products in Sri Lanka, as well as providing after-sales service. Therefore, in accordance with the provisions of the Companies Takeovers and Mergers Code issued by the Securities and Exchange Commission of Sri Lanka under the Securities and Exchange Commission Act of 1995 (revised in 2003), the Buyer must make a mandatory offer to acquire the remaining shareholders of Gestetner at a price of 239.75 Sri Lankan Rupees per share. The mandatory offer involves 1,328,700 ordinary shares, representing 49.99% of the issued and fully paid ordinary shares of Gestetner. The total maximum consideration for the mandatory offer is approximately 319 million Sri Lankan Rupees (equivalent to approximately 82.824 million Hong Kong dollars) plus transaction costs. In Sri Lanka, the initial acceptance period for the mandatory offer is up to 14 trading days, but it can be extended based on the trading rules and regulations of the CSE. The acquisition represents the group's expansion of distribution business in emerging markets. Following the acquisition, Gestetner will become a non-wholly-owned subsidiary of the company.