THE LLOY DEV (01546) changes ownership, World Nexus will resume trading on January 29th.

date
20:20 28/01/2026
avatar
GMT Eight
Dalian Construction (01546) and the offeror, WORLD NEXUS HOLDINGS LIMITED, jointly announced that the Company has been informed by the Seller and the Offeror that on January 23, 2026, the Seller, Mr. Lin and the Offeror entered into a sales and purchase agreement, whereby the Seller conditionally agreed to sell and the Offeror conditionally agreed to purchase a total of 500.8 million shares, representing 62.6% of the total number of shares issued by the Company on the date of this joint announcement. The total consideration for the sale shares is HK$95.152 million, equivalent to HK$0.19 per sale share.
THELLOY DEV (01546) and the offeror WORLD NEXUS HOLDINGS LIMITED jointly announced that the Company has been informed by the vendor and the offeror that on 23 January 2026, the vendor, Mr. Lam, and the offeror entered into a sale and purchase agreement, whereby the vendor conditionally agreed to sell and the offeror conditionally agreed to purchase a total of 500.8 million shares of the Company, representing 62.6% of the total number of issued shares of the Company as at the date of this joint announcement. The total consideration for the sale shares is HK$95.152 million, equivalent to HK$0.19 per sale share. Upon completion, the offeror and the offeror's concert parties will collectively hold interests in 500.8 million shares, representing 62.6% of the total number of issued shares of the Company as at the date of this joint announcement. Pursuant to Rule 26.1 of the Takeovers Code, upon completion, the offeror shall make a mandatory unconditional cash offer for all its issued shares (excluding those already owned or agreed to be acquired by the offeror and its concert parties). The cash offer price for each offer share is HK$0.19, representing a discount of approximately 50.65% to the closing price of HK$0.385 per share as at 22 January 2026. The Company has applied to the Stock Exchange for the resumption of trading in the Company's shares on the Stock Exchange from 9:00 a.m. on Thursday, 29 January 2026.