Ng Kin Siu offered to acquire the remaining 46.37% stake in Steering Holdings Limited (SEHK:1826) from Gentle Soar Limited, Yeung So Lai and others for HKD 97.6 million on May 13, 2021. As per the terms of the transaction, Ng Kin Siu will acquire 617 shares in Steering Holdings Limited at HKD 0.158 per share. The consideration shall be paid in cash in respect of acceptances of the offer will be made as soon as possible and in any event within seven business days of the date on which the duly completed acceptances of the offer are received. The board of Directors that Steering Holdings Limited has been informed by Masterveyor and Ng Kin Siu that on November 22, 2021, the High Court has ordered the Injunction Application be dismissed and the Undertakings be discharged. The offer is open for acceptance on June 3, 2021 and will close on July 2, 2021. China Galaxy International Securities acted as financial advisor to Ng Kin Siu and VBG Capital Limited acted as financial advisor to Steering Holdings Limited.