Inner Mongolia Energy Engineering Investment (Group)Co.,Ltd. entered into the Merger Agreement to acquire remaining 28.86% stake in Inner Mongolia Energy Engineering Co., Ltd. (SEHK:1649) for HKD 1.5 billion on April 20, 2021. Under the terms, Inner Mongolia Energy Engineering Investment (Group) will pay HKD 1.8 per share. Inner Mongolia Energy Engineering Investment (Group) intends to satisfy the consideration required for the H Share Offer by a combination of cash from their internal resources and external financing. Transaction is subject to approval by Independent shareholders of Inner Mongolia Energy Engineering, approvals, registrations or filing procedures from the PRC government or regulatory bodies, and minimum tender of 90% stake being acquired in aggregate. Upon the H Share Offer becoming unconditional, Inner Mongolia Energy Engineering will make an application for the voluntary withdrawal of the listing of the H Shares on the Stock Exchange. IME will cease to exist as a separate legal entity, which will be merged and absorbed into IMG. As on July 16, 2021, IMG had received valid acceptances in respect of 644.56 million H shares under the offer from the Independent H Shareholders. MG decided to extend the First Closing Date to July 30, 2021 to provide more time for the Independent Shareholders to consider accepting the H Share Offer. The transaction is expected to close by July 16, 2021, unless IMG decides to extend the H Share Offer. The transaction is approved by the Inner Mongolia Energy Engineering Co., Ltd. shareholders on July 9, 2021. The offer become unconditional on July 30, 2021 and offer period will end on August 27, 2021. Chen Ming, Yue Jianhua, Yao Tongshan and Mui Chok Wah are part of Independent board committee. Odysseus Capital Asia Limited has been appointed as the Independent Financial Adviser for Independent board committee. CINDA INTERNATIONAL CAPITAL LIMITED and DONVEX CAPITAL LIMITED acted as joint financial advisors for Inner Mongolia Energy Engineering Investment (Group). GF CAPITAL (HONG KONG) LIMITED acted as financial advisor for Inner Mongolia Energy Engineering. Alfred Yang, Helen Cheung and Raymond Li of Paul Hastings acted as legal advisor to Inner Mongolia Energy Engineering Investment (Group) Co., Ltd. Computershare Hong Kong Investor Services acted as registrar for IME in the transaction.