Yide Investment Holdings (06182) changes controlling shareholder, acquires about 74.3% discount to conduct a full takeover offer, resumes trading on November 5th.

date
05/11/2025
The Zhixin Finance APP reported that Yide Investment Holdings (06182) and the offeror Mars Nest Limited jointly announced on October 28, 2025, that the offeror and Mr. Li Haoyuan respectively purchased 510 million shares and 90 million shares of the company's shares, accounting for 63.75% and 11.25% of the total issued share capital of the company as of the date of this joint announcement. The total prices were approximately 124 million Hong Kong dollars and 21.9375 million Hong Kong dollars respectively, equivalent to a price of 0.24375 Hong Kong dollars per share. Following the completion and as of the date of this joint announcement, the offeror and its concerted parties collectively held 600 million shares of the company's shares, accounting for a total of 75% of the total issued share capital of the company. According to Rule 26.1 of the Takeover Code, the offeror must make a mandatory unconditional cash offer to acquire all the shares of the company's issued share capital at a cash price of 0.24375 Hong Kong dollars per share, representing a discount of approximately 74.3% from the last trading day closing price of 0.950 Hong Kong dollars per share on the Stock Exchange. The company has applied to the Stock Exchange for the resumption of trading in its shares from 9:00 am on Wednesday, November 5, 2025.