Fok Yuk Tong and Hsieh Ching Chun made an offer to acquire remaining 24.9% stake in PF Group Holdings Limited (SEHK:8221) for HKD 40.5 million on October 28, 2020. Fok Yuk Tong and Hsieh Ching Chun will finance the consideration in full through its internal resources. An Independent Board Committee, comprised six Directors, namely B Lo and C Lo as executive Directors, Khoo Ken Wee as non-executive Director and Ma Wai Hung Vincent, Mok Kwai Pui Bill and Ng Shu Bun Andrew as independent non-executive Directors. The composite document is expected to be dispatched on November 4, 2020. The offer will be closed on December 11, 2020. Astrum Capital Management Limited acted as financial advisor to Independent Board Committee. veda capital acted as financial advisor to Fok Yuk Tong and Hsieh Ching Chun and Union Registrars Limited acted as registrar to PF Group Holdings. West Bull Securities Limited acted acted as financial advisor to Fok Yuk Tong and Hsieh Ching Chun.