OKC Holdings Corporation agreed to make a mandatory offer to acquire the remaining 39.5% stake in LEAP Holdings Group Limited (SEHK:1499) from Ren Yunan, Thriving Market Limited and others for approximately HKD 330 million on January 23, 2019. Under the terms, OKC Holdings Corporation will acquire 2.1 billion shares at HKD 0.1585 per share. The seller's stamp duty arising in connection with acceptances of the offer will be payable by the relevant selling shareholders. OKC Holdings Corporation do not intend to exercise any compulsory acquisition rights. As of January 23, 2019, OKC Holdings Corporation held 3.2 billion shares, representing 60.49% stake in LEAP Holdings Group Limited. The consideration is intended to be financed through internal resources. Veda Capital Limited is satisfied that sufficient resources are available to OKC Holdings Corporation to satisfy the consideration in full. OKC Holdings Corporation do not intend to discontinue the employment of any employees of LEAP Holdings Group Limited and its subsidiaries but intends to nominate new Directors to the Board and maintain the listing status of LEAP Holdings Group Limited. As of March 20, 2019, the Independent Board committee recommends the shareholders to accept the offer. LEAP Holdings Group Limited established an independent Board committee comprising all the independent Non-Executive Directors, namely Chan King Chung, Li Zhouxin, Lee Man Chiu and Jiang Guoliang, to advise the independent shareholders in respect of the offer. Winsome appointed as financial adviser to the special board committee. The offer will open on March 20, 2019 and closing date of offer is April 10, 2019. Veda Capital Limited acted as a financial advisor to OKC Holdings Corporation. Get Nice Securities Limited will make the offer on behalf of OKC Holdings Corporation. OKC Holdings Corporation completed the acquisition of 13.72% stake in LEAP Holdings Group Limited (SEHK:1499) from Ren Yunan, Thriving Market Limited and others for approximately HKD 110 million on April 10, 2019. Approximately 722 million shares were tendered in the offer representing 13.72% stake in LEAP Holdings Group Limited. Post acquisition, OKC Holdings Corporation will hold approximately 74.21% stake in LEAP Holdings Group Limited.