Ye Huacong completed the acquisition of 1.91% stake in Hephaestus Holdings Limited for HKD 1.9 million.
Offer is unconditional in all aspects when it is made and is not conditional upon acceptances being received in respect of a minimum number of Shares. Transaction is expected to close on January 18, 2022. Kingston Corporate Finance acted as the financial advisor to Ye. Trinity Corporate Finance Limited acted as financial advisor to directors of Hephaestus Holdings Limited. Merdeka Corporate Finance Limited acted as financial advisor to Hephaestus Holdings Limited. Union Registrars Limited acted as registrar in the transaction.
Ye Huacong completed the acquisition of 1.91% stake in Hephaestus Holdings Limited (SEHK:8173) for HKD 1.9 million on January 18, 2022. Valid acceptances had been received in respect of a total of 4,121,271 Offer Shares. Upon Completion and immediately prior to commencement of the Offer Period, the Offeror and parties acting in concert with it were interested in a total of 158,947,368 Shares, representing approximately 73.81% and immediately after the close of the Offer, the Offeror and parties acting in concert with it were interested in a total of 163,068,639 Shares, representing approximately 75.72% of Hephaestus Holdings Limited.