Group 1 - A Hong Kong-listed company, China New Retail Supply Chain Group Limited, announced a cash offer to acquire 360 million shares, representing 75% of its total issued share capital, for HKD 223 million, at approximately HKD 0.6189 per share [1][2] - The acquirer, Wanjing Capital Limited, was established in the British Virgin Islands and is wholly owned by 26-year-old Wang Kaily, the daughter of Wang Zhenhua, founder of New城控股 [2][4] - Wang Kaily's family trust is involved in the acquisition, with funds sourced internally rather than through external financing [5] Group 2 - Wang Kaily has an academic background with degrees from Peking University and the University of Sydney, and she is currently a director at a private investment holding company [7] - She recently co-founded a trendy toy company, Mitaki, which opened its first store in June 2023, indicating her entrepreneurial ambitions [8] - The target company has shown poor financial performance over the past few years, with total revenues of SGD 6.66 million, SGD 5.56 million, and SGD 5.55 million, and net losses of SGD 150,000, SGD 100,000, and SGD 80,000 respectively [8]