He Keng made a offer to acquire remaining 26% stake in Ningbo WanHao Holdings Company Limited (SEHK:8249) from Martin Currie Absolute Return Funds Limited - China Hedge Fund LP, managed by Martin Currie Investment Management Limited and others for HKD 15.1 million recently. Under the terms of the offer, He Keng will acquire all the H shares at HKD 0.116 per share. The transaction will be funded through a credit facility of HKD 19 million. An independent Board committee comprising, Jiang Guo Ping, Zheng Xin, Lu Song Qian, Lu Xiang Tai and Kwok Kim Hung Eddie has been formed to advise the shareholders. The offeror intends to maintain the listing and does not intends to compulsorily acquire the shares after the close of the offer. In a related transaction, buyer made a preliminary proposal to acquire 74% stake in Ningbo WanHao Holdings Company Limited (SEHK:8249) from Wan Li Group Limited and Qi Yong Qiang recently. The independent Board and financial advisor recommend the shareholders of Ningbo WanHao Holdings to accept the offer. The offer will close on September 14, 2016. Amasse Capital Limited, Zhongtai International Securities Limited acted as financial advisors for He Keng and Somerley Capital Limited acted as financial advisor and Tricor Abacus Limited acted as registrar for Ningbo WanHao Holdings Company.