Golden Vision Buyout Fund I SP, fund managed by New Prospect Capital, made an offer to acquire remaining 52.37% stake in AMVIG Holdings Limited (SEHK:2300) for HKD 1.1 billion on October 4, 2020. Under the terms, Golden Vision will acquire the remaining 486.5 million shares at a price of HKD 2.18 per share in cash. As of December 1, 2020, the offer per share has been revised to HKD 2.12 per share after deducting a net dividend. The deal will be financed through a loan facility and internal resources of the offeror. The loan facility is provided by CCB International Securities Limited pursuant to the CCBIS Finance Documents for financing the consideration payable by the offeror for the offer. If within four months after the dispatch of the composite document, Golden Vision has acquired not less than 90% of the shares of AMVIG, Golden Vision intends to conduct a compulsory acquisition of the shares not yet owned. On completion of the compulsory acquisition, Golden Vision will submit an application for the withdrawal of listing of AMVIG. Golden Vision intends to retain the existing management and continue with the existing principal activities. With effect from December 9, 2020, Chan Chew Keak, Billy resigned from his office of Non-Executive Chairman and Director of the Board, and all other roles and positions in AMVIG. Michael Casamento resigned from his office of Non-Executive Director and all other roles and positions in AMVIG and Jerzy Czubak resigned from his office of Non-Executive Director and all other roles and positions in AMVIG. The offer will be conditional upon Golden Vision having received valid acceptances which will result in the offeror holding more than 50% voting rights of the company. An Independent Board Committee comprising all the independent Non-Executive Directors, namely Au Yeung Tin Wah, Ellis, Oh Choon Gan, Eric and Ching Yu Lung, has been established to make a recommendation to the shareholders as to whether the offer are fair and reasonable. As of November 18, 2020, the Independent Board Committee concurs that the terms of the share offer and share offer price are fair and reasonable and recommends the shareholders to accept the offer. The offer will commence on November 18, 2020 and will run till December 9, 2020. The offer has become unconditional in all respects on November 24, 2020. As the share offer has become unconditional in all respects, the option offer has become unconditional in all respects on November 24, 2020. As of December 9, 2020, the closing was extended to December 23, 2020. CCB International Capital Limited acted as financial advisor to Golden Vision. Shanggu Securities Limited acted as fairness opinion provider and financial advisor to the independent board of AMVIG. Tricor Investor Services Limited acted as transfer agent to AMVIG Holdings.