Summary by Futu AI
HK Tech Venture Limited announced that it will make a conditional cash offer through Somerley Cap Limited to repurchase up to 100 million shares at a price of HKD 2.15 per share. In addition, the company has applied for a whitewash waiver and will hold a special general meeting of shareholders on July 9, 2024 to consider and approve the relevant resolution. The notice of the special general meeting of shareholders was issued on June 14, 2024, and share transfers and registrations will be suspended from July 4 to 9, 2024. The company represents that, as of the last practicable date, other than the publicly available irrevocable commitments, there were no other agreements, arrangements, or understandings between the directors and the major shareholders related to the offer and whitewash waiver. The offer document was mailed to shareholders on June 14, 2024, and can be accessed on the company's website and the SFC website.