According to the Zhitong Finance App, Indigo Star (08373) and the offender Xin Yao Investment Co., Ltd. jointly announced that all the prerequisites under the sales agreement have been met and completed on March 28, 2024. The offender has acquired 204.8 million sales shares at a cost of HK$133.12 million. Therefore, immediately after completion and on the date of this joint announcement, the offender and those acting in concert held interests in a total of 204.8 million shares, accounting for 51.20% of the company's issued share capital.

According to Rule 26.1 of the Takeovers Code, upon completion, the offeror must make an unconditional mandatory cash offer for all issued shares (excluding those that the offeror and those acting in concert with them have agreed to be acquired). The offer is unconditional in every respect. Joint financial advisers Astro Tran and Red Sun (representing the offeror) will make an offer to acquire all of the offered shares in accordance with the Takeovers Code and in accordance with the terms set out in the comprehensive documents to be issued in accordance with the Takeovers Code.