Wisetong Financial News APP reported that Courage Investment (01145) and the offeror Hua Jian Limited jointly announced that the offeror had completed the acquisition of approximately 0.316 billion shares of shares on November 28, 2024, equivalent to approximately 28.79% of the company's total issued share capital. The offeror will propose a voluntary conditional comprehensive cash offer in accordance with the takeover code to acquire all the shares subject to the offer. The cash offer price per share is HKD 0.1094, representing a discount of approximately 8.83% to the closing price of HKD 0.12 per share reported on the last trading day on the HKEX. The company has applied for the resumption of trading of the shares on the HKEX and SEHK starting at 9:00 a.m. on December 5, 2024.

The offeror intends to maintain the listing of the shares on the HKEX and SEHK after the completion of the offer. The offeror will commit to the HKEX that it will take appropriate measures as soon as possible after the offer ends to ensure that there is a sufficient public shareholding in the shares after the offer ends.