Tsang Yee and Tsang Tsz Nok Aleen made an offer to acquire additional 45.2% stake in Grand Field Group Holdings Limited (SEHK:115) for HKD 0.13 on January 9, 2024. Tsang Yee and Tsang Tsz Nok Aleen has approximately 29.7% of the existing issued share capital in the Company. The Offeror intends to finance and satisfy the consideration payable by the Offeror under the Partial Offer from its own financial resources.

Halcyon Capital acted as Financial advisor to Tsang Yee and Tsang Tsz Nok Aleen. Red Sun Capital Limited acted as financial advisor to Grand Field Group Holdings Limited. As on January 15, 2024, consent from the Executive in respect of the Partial Offer has been obtained and the Pre-Condition has been fulfilled.

Transaction is expected to Complete on March 21, 2024.