Golden Eagle International Retail Group Limited entered into a scheme of arrangement to acquire 19.709433% stake in Golden Eagle Retail Group Limited (SEHK:3308) for HKD 2.2 billion on May 25, 2023. As per the terms, the offer per share is HKD 8.88 for 327,217,000 shares. The Offeror intends to finance the entire cash amount required for the Proposal by a facility provided by China Merchants Bank Co., Ltd.. Upon the Scheme becoming effective, all Scheme Shares will be cancelled and extinguished. The Company will make an application to the Stock Exchange for the withdrawal of the listing of the Shares on the Stock Exchange. CMB International, as the financial adviser to the Offeror in connection with the Proposal, is satisfied that sufficient financial resources are available. As of September 15, 2023, Shareholders has approved the transaction. On October 3, 2023, Court has sanctioned the scheme.

Gaopeng & Partners, Nanjing office acted as a legal advisor, CMB International Capital Limited acted as a financial advisor to Golden Eagle Retail Group Limited. Computershare Hong Kong Investor Services Limited acted as a registrar in the transaction. Opus Capital Limited advised the special committee.

Golden Eagle International Retail Group Limited completed the acquisition of 19.709433% stake in Golden Eagle Retail Group Limited (SEHK:3308) on October 6, 2023.