Ma Lie made an offer to acquire to acquire an additional 30% stake in In Technical Productions Holdings Limited (SEHK : 8446) from Zhongsheng Asset Management Co., Limited and other shareholders for HKD 40.1 million on March 7, 2022. In a related transaction, Ma Lie acquired a 55% stake in In Technical Productions Holdings Limited for HKD 73.5 million on March 7, 2022. Ma Lie entered into a facility agreement with Zhongyi Global as the lender to secure loan facility of HKD 105 million to finance the transaction and will use HKD 10 million from internal resources.

The offer is not conditional upon acceptances of minimum number of shares and the offeror does not intend to avail itself of any powers of compulsory acquisition. Yeung Ho Ting Dennis and Tam Chun Yu will remain as a Director after the close of the offer and all the independent non-executive Directors will resign from the Board. The closing date of the offer is May 5, 2022.

BaoQiao Partners Capital Limited acted as independent financial advisor and Tricor Investor Services Limited acted as registrar of In Technical Productions Holdings. Larry Choi of Rainbow Capital (HK) Limited acted as independent financial advisor of Ma Lie. Christina SM Lee, George Lam and Natalie Ng of Baker & McKenzie Hong Kong acted as legal advisors to In Technical Productions Holdings Limited.