SUPERLAND GROUP (00368) has changed hands with a discount of approximately 79.17% to propose a full acquisition offer. Trading will resume on August 5.

SUPERLAND GROUP (00368) and the offeror Grand Junction Intelligence Co., Limited jointly announced that the offeror and STFV (as the buyer) completed the acquisition of 600 million shares of the company on August 3, 2026, representing 75% of the company's issued share capital, for a total consideration of HKD 225 million, which equates to a price of HKD 0.375 per share. Immediately following the completion and as of the date of this joint announcement, the offeror, its ultimate beneficial owners, and its concert parties together hold 600 million shares (including 440 million shares held by the offeror and 160 million shares held by STFV), which together represent 75.00% of the total issued share capital of the company. According to Rule 26.1 of the Takeovers Code, the offeror must make a mandatory unconditional cash offer to acquire all the shares in the issued share capital of the company at a cash offer price of HKD 0.375 per share, which represents a discount of approximately 79.17% to the last closing price of HKD 1.80 per share reported on the Stock Exchange on the last trading day. The maximum cash consideration payable by the offeror under the offer is HKD 75 million. In addition, the company has applied to the Stock Exchange for the resumption of trading of its shares starting from 9:00 AM on August 5, 2026 (Wednesday). It is reported that as of the date of this joint announcement, the offeror is directly wholly owned by Grown Long X, which is directly wholly owned by Mr. Pang Weitao. The sole director of the offeror is Mr. Pang Yatao, who is the brother of Mr. Pang Weitao.