CENT UNIT HLDG (01959) Change of Ownership of Controlling Rights, Discount of Approximately 66.78% in Full Offer, Resumption of Trading on December 17th.

date
22:32 16/12/2025
avatar
GMT Eight
Century Union Holdings (01959) and the offeror MSINT LTD jointly announced that on December 11, 2025, the offeror completed the acquisition of approximately 377 million shares of Chong Jie Limited and Mr. Luo Houjie, accounting for approximately 71.12% of the total issued share capital of the company as of the date of this joint announcement. The total cash consideration was approximately 153 million Hong Kong dollars, equivalent to 0.405 Hong Kong dollars per share sold.
CENT UNIT HLDG (01959) and offeror MSINT LTD jointly announced that on December 11, 2025, the offeror completed the acquisition of approximately 377 million shares from Chong Jie Limited and Mr. Luo Houjie, representing approximately 71.12% of the company's total issued share capital as of the date of this joint announcement, for a total cash consideration of approximately HK$153 million, at a price of approximately HK$0.405 per share. Following the completion and as of the date of this joint announcement, the offeror, Mr. Mo Mingdong, and any other persons acting in concert collectively hold interests in approximately 377 million shares, representing approximately 71.21% of the company's total issued share capital as of the date of this joint announcement, and have become the controlling shareholders. In accordance with Rule 26.1 of the Takeovers Code, the offeror must make a mandatory unconditional cash offer for all issued shares (excluding those already owned or agreed to be acquired by the offeror and persons acting in concert with them). The cash offer price for each share is HK$0.94, representing a discount of approximately 66.78% from the closing price of HK$2.83 per share on the Stock Exchange of Hong Kong Limited (SEHK) on December 11, 2025 (the last trading day). The company has applied to the SEHK for trading of its shares to resume at 9:00 am on December 17, 2025. As of the date of this joint announcement, the offeror is owned by Mr. Mo Mingdong and Mr. Ng Yiu Ming in proportions of 99% and 1% respectively, both of whom are professional investors. Mr. Mo Mingdong is the sole director of the offeror.