Goldbond Group Holdings Limited made an offer to acquire 42.84% stake in China Rongzhong Financial Holdings Company Limited (SEHK:3963) for HKD 94.4 million on October 30, 2023. Goldbond shall pay HKD 0.38 per share as consideration for the common shares and HKD 0.01 for options. Goldbond intends to finance the maximum value of the offer HKD 94.6 million through a borrowing from Wong Charles Yu Long.

An Independent Board Committee has been established in respect of the offer. The offer is subject to completion of the acquisition and subscription agreement. The Independent Board of Directors of China Rongzhong Financial Holdings have recommended the shareholders to accept the offer.

The last date for acceptance of the offer id February 15, 2024. Ping An of China Capital (Hong Kong) Company Limited acted as financial advisor for Goldbond while Central China International Capital Limited acted as financial advisor and Tricor Investor Services Limited acted as a registrar for China Rongzhong Financial Holdings.