Ng Ho Lun made an offer to acquire a 26.47% stake in Smart Globe Holdings Limited (SEHK:1481) for HKD 70.6 million on April 26, 2023. As per the transaction, Ng Ho Lun will acquire 270 million shares at HKD 0.2614 per share in cash. The Offer is unconditional. As of May 30, 2023, the transaction will close on June 20, 2023.

Asian Capital Limited acted as financial advisor to Ng Ho Lun. GF Capital (Hong Kong) Limited acted as a financial advisor to Smart Globe Holdings Limited.