Marvel Bonus Holdings Limited offered to acquire Mason Group Holdings Limited (SEHK:273) from Kingston Securities Limited and others for approximately HKD 1.4 billion on June 6, 2022. The consideration will be paid in the form of HKD 0.0265 in cash. As of September 14, 2022, per share consideration has been changed to HKD 0.0311 per share.

The transaction is financed through internal cash resources of HKD 900 million of the Offeror and a loan facility of HKD 280 million under the Loan Agreement. The transaction is subject to approval from Securities and Futures Commission of Hong Kong, minimum tender, third part approval and other conditions. As on October 7, 2022, Securities and Futures Commission of Hong Kong granted approval for the transaction.

As on October 14, 2022, All conditions have been fulfilled. As on October 14, 2022, All conditions have been fulfilled. As of October 21, 2022, The offer will commence on October 21, 2022 and will close on December 2, 2022.

The Independent Board Committee, comprising all non-executive director and independent non-executive directors of the Company being Hui Mei Mei, Carol, Tian Ren Can, Wang Cong, Wu Xu'an and Ng Yu Yuet, was formed to give advice to the Independent Shareholders on the Offer. Optima Capital Limited and Kingston Corporate Finance Limited acted as financial advisor to Marvel Bonus. Amasse Capital Limited acted as financial advisor and also provided fairness opinion to Mason Group Holdings Limited.