SG GROUP HOLDINGS (01657): The purchase agreement has been completed, and the offeror will make a mandatory unconditional cash offer.
Huaxin Holdings (01657) and the offeror, Hong Kong Viga Software Limited, jointly announced that all preconditions under the share purchase agreement have been met and the completion was implemented on June 23, 2026. Under the share purchase agreement, the offeror purchased a total of 23.97 million shares at a total price of HK$199 million. Prior to the completion, the offeror, its ultimate beneficial owners, its directors and the offeror's concerted parties (excluding the seller) did not hold any shares; and the seller held interests in the 23.97 million shares (i.e. the sale shares). After completion, the offeror and the offeror's concerted parties collectively hold 23.97 million shares, representing 74.91% of the total number of shares issued by the company as of the date of this joint announcement.
SG GROUP HLDGS (01657) and the offeror, Hong Kong Weiye Software Co., Ltd., jointly announced that all the conditions precedent under the share purchase agreement have been fulfilled, and the completion was implemented on June 23, 2026. According to the share purchase agreement, the offeror acquired a total of 23.97 million shares at a total cost of 199 million Hong Kong dollars. Prior to the completion, the offeror, its ultimate beneficial owners, its directors, and the offeror's concert parties (excluding the seller) did not hold any shares, and the seller had interests in the 23.97 million shares (i.e. the sale shares). After completion, the offeror and the offeror's concert parties collectively hold 23.97 million shares, representing 74.91% of the total issued shares of the company as of the date of this joint announcement.
Therefore, in accordance with Rule 26.1 of the Takeovers Code, the offeror must make a mandatory unconditional cash offer for all the issued shares immediately following completion (excluding those already held or agreed to be sold to the acquirer by the offeror and the offeror's concert parties).
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