Summary by Futu AI
Hong Kong Tech Venture Limited (Stock Code: 1137) announced that a conditional cash offer represented by Somerley Cap Limited will repurchase up to 100 million shares at a price of HKD 2.15 per share. The offer document was issued on June 14, 2024, and shareholders are required to fill in an acceptance form to participate in the repurchase. Shareholders must submit the completed acceptance form and relevant documents to the registrar on or before 4:00 PM on July 23, 2024 (Hong Kong time), or the later time and/or date announced by the company. Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited, and Hong Kong Securities Clearing Company Limited shall not be responsible for the content of this acceptance form. The purpose of this repurchase action is to enhance shareholder value, and the final number of repurchased shares will be determined based on the formula in the offer document and will not repurchase any fraction of shares.