ANE (09956) receives a consortium's recommended takeover proposal.

On October 17th, ANE(09956) announced that it had received a conditional takeover proposal from a consortium composed of Daystar Capital, Temasek, and Temasek Capital on September 17th. If privatized, it could potentially lead to the delisting of the company from the Hong Kong Stock Exchange. The announcement revealed that Daystar Capital currently holds approximately 24.3% of the company's shares. According to previous disclosures by ANE, Daystar Capital is the largest institutional shareholder of the company and first invested in ANE in 2019. The announcement pointed out that the Board of Directors acknowledged several reports in the media since September 4th, 2025, suggesting that the company may be acquired. It stated that apart from this takeover proposal, no other proposals have been made. Other market rumors should be considered as unsubstantiated information. According to market analysts, the company's announcement of the indicative "Takeover Code" 3.7 after a month-long trading halt, instead of a more definitive 3.5 announcement, is highly unusual for the Hong Kong market, indicating challenges or negotiations during the process. According to the announcement, the indicative proposal is still in the preliminary stage, and it remains uncertain whether it will be converted into a formal offer. ANE, which has been suspended since September 18th, resumed trading this afternoon.