Metals X Limited (ASX:MLX) proposed to acquire Greentech Technology International Limited (SEHK:195) for approximately HKD 380 million on October 23, 2024. A cash consideration valued at HKD 0.28 per share will be paid by Metals X Limited. As of June 3, 2025, Metals X Limited (ASX:MLX) proposed to acquire 28% stake in Greentech Technology International Limited (SEHK:195) for approximately HKD 130 million, which not already owned by the Company and parties acting in concert with it under the Hong Kong Code on Takeovers and Mergers at an offer price of HKD 0.35 per share (Partial Offer). The Offeror will finance the consideration payable under the Partial Offer by its internal resources.

Subsequent to the possible offer letter sent to Greentech in October 2024, Greentech has failed to address the Company?s requests under the pre-conditions of the possible offer and has made it difficult for the Company to proceed with the possible offer. In view of the above, the Company decided to proceed with the Partial Offer. The making of the Partial Offer is subject to the satisfaction of the Pre-Conditions. As of June 13, 2025, the Pre-Conditions have been fulfilled. As of June 25, 2025, the deal is expected to close on July 23, 2025. The tender offer commenced from June 25, 2025.


Yu Ming Investment Management Limited has been appointed as the financial adviser to the Offeror in respect of the Partial Offer, and is satisfied that sufficient financial resources are available to the Offeror to satisfy the maximum consideration payable by the Offeror upon full acceptance of the Partial Offer. First Shanghai Capital Limited acted as financial advisor to Greentech Technology International Limited. Tricor Investor Services Limited acted as a registrar to Metals X Limited.