Core Viewpoint - 康大食品 (00834) has entered into a conditional share purchase agreement with Hong Kong Shengyuan Holdings Limited, where the seller agrees to sell approximately 248 million shares, representing about 54.69% of the total issued shares, for a total cash consideration of HKD 65.6426 million, equating to HKD 0.265 per share [1][2]. Group 1: Share Purchase Agreement - The seller has conditionally agreed to sell approximately 248 million shares, which is about 54.69% of the total issued shares, to the buyer for a total cash consideration of HKD 65.6426 million [1]. - Following the completion of the first batch of share sales, the buyer will hold approximately 241 million shares, representing about 53.15% of the total issued shares [1]. - After all share sales are completed, the buyer will hold approximately 248 million shares, representing about 54.69% of the total issued shares [1]. Group 2: Offer Details - According to Rule 26.1 of the Takeover Code, upon completion of the first batch of share sales, the buyer must make an unconditional mandatory cash offer for all issued shares at HKD 0.265 per share, which is a premium of approximately 16.23% over the last closing price of HKD 0.228 [2]. - The buyer's main business is investment holding, and the offer is fully owned by Mr. Gao, who is also the sole director of the buyer [2]. - Mr. Gao believes that this acquisition presents a highly attractive investment return opportunity for the company's long-term growth, leveraging his 40 years of experience in the food industry [2]. Group 3: Market Resumption - The company has applied to the Stock Exchange of Hong Kong and the Singapore Stock Exchange to resume trading of its shares starting from October 24, 2025, at 9:00 AM [3].
康大食品获高思诗收购约54.69%公司股份及溢价约 16.23%提现金要约 10月24日复牌