The Offeror, having received valid acceptances for over 90% of the Offer Shares pursuant to the Offer, exercised its right to compulsorily acquire the remaining shares not already owned or acquired under the offer and privatised Hailan.
The total consideration for the compulsory acquisition stands at approximately HKD239,500,800, marking a significant milestone in the successful completion of the privatisation.
Chris Cheng expressed, “We are pleased to have been part of this significant transaction, contributing our legal expertise to facilitate the successful HKD239.5 million privatisation of Hailan. This underscores our commitment to delivering top-tier legal services in complex corporate transactions.”
Our team regularly works with companies around the globe to help them deploy strategic growth and restructuring initiatives whether involving single jurisdictions or complex multi-jurisdictional, multi-disciplinary transactions.