Core Viewpoint - The acquisition of 280 million shares of Love Century Group by the offeror, Three Apples Industry Holdings Group (Hong Kong) Limited, represents a significant consolidation of ownership, leading to a mandatory unconditional cash offer for all remaining shares at a discount to the market price [1] Group 1: Acquisition Details - The offeror completed the acquisition of 280 million shares, which constitutes 70% of the issued share capital of Love Century Group, for a cash consideration of HKD 35 million, equating to HKD 0.125 per share [1] - Following the completion of the acquisition, the offeror and its concert parties will hold rights to the 280 million shares, necessitating a mandatory unconditional cash offer for all issued shares, excluding those already owned or agreed to be acquired [1] Group 2: Offer Price and Market Reaction - The offer price of HKD 0.125 per share represents a discount of approximately 32.07% compared to the closing price of HKD 0.1840 on the last trading day, September 5, 2025 [1] - The company has applied to the Stock Exchange for the resumption of trading of its shares on GEM starting from 9:00 AM on September 24, 2025 [1] Group 3: Management and Ownership - The offeror is fully owned by Mr. Wu Qifeng, who directly and beneficially holds 100% of the interests in the offeror [1]
爱世纪集团控股权易主获折让约32.07%提全购要约 9月24日复牌