Ma Ting Hung made a mandatory unconditional cash offer to acquire an additional 20.96% stake in WINDMILL Group Limited (SEHK:1850) for HKD 44.9 million on February 11, 2020. Pursuant to the terms of the offer, Ma Ting Hung will acquire around 167.7 million shares at HKD 0.268 per share. Ma Ting Hung intends to fund the consideration payable in full by the facility of HKD 45 million provided by Get Nice Securities under the Facility Agreement. Ma Ting Hung intends to nominate new Directors to the Board of WINDMILL Group Limited and such appointments will not take effect earlier than the date of posting of the Composite Document in relation to the Offer or such other date as permitted under the Takeovers Code. It is also possible that certain existing Director(s) may leave the Board. An Independent Board Committee has been established to give a recommendation to the Independent Shareholders. The last date for the acceptance of the offer is on March 24, 2020. Altus Capital Limited acted as financial advisor to Ma Ting Hung. Ma Ting Hung cancelled the mandatory unconditional cash offer to acquire an additional 20.96% stake in WINDMILL Group Limited (SEHK:1850) on February 11, 2021