GENES TECH (08257) received a premium of approximately 87.0% to privatize and will resume trading on November 17th.

GENES TECH (08257) and the offeror Watlow Electric Manufacturing Company jointly announced that on November 14, 2025 (after trading hours), the offeror requested the board to present a proposal to the scheme shareholders, proposing to privatize the company through a scheme to cancel all scheme shares in accordance with Section 86 of the Companies Ordinance. Upon the scheme becoming effective, all scheme shares will be cancelled at a cancellation price of HK$0.245 per scheme share, representing a premium of approximately 87.0% over the closing market price of HK$0.131 per share on November 5, 2025, the last trading day, as reported on the Stock Exchange. The company has applied to the Stock Exchange for the resumption of trading of the shares on GEM from 9:00 AM on November 17, 2025. It is reported that the offeror group is a world-class industrial technology group dedicated to developing advanced thermal systems for various high-demand industrial fields. The offeror group holds over 1,100 patents and employs over 4,000 team members in technology centers and manufacturing bases in the United States, Mexico, Europe, and Asia. The offeror is a wholly-owned subsidiary of TWE Holdings, LLC, and TWE Holdings, LLC is 59% owned by TWE Aggregator Holdings, LLC, which is 87% owned by Tinicum L.P. Tinicum L.P. and its affiliated investment partnerships own a diversified group of companies in the manufacturing, distribution, and industrial technology sectors. Tinicum's assets under management are approximately $3.8 billion.