Summary by Futu AI
On May 22 and June 14, 2024, HK Tech Venture Limited (the "Company") issued announcements and tender offer documents announcing that Somerley Cap Limited, on behalf of the Company, proposed a conditional cash offer to repurchase up to 100 million shares at a price of HKD 2.15 per share. In addition, the Company applied for a whitewash waiver and has sent relevant documents to shareholders on June 14. An extraordinary general meeting of shareholders will be held on July 9, 2024, to decide whether to accept the offer and the whitewash waiver. To ensure that shareholders can attend the meeting and vote, share registration will be suspended from July 4th to 9th. The deadline for accepting the offer is July 23rd, and the results are expected to be announced on the same day. Shareholders should carefully read the tender offer documents before making a decision and note that the tender offer must meet all conditions before it can be implemented and is not necessarily unconditional.