Core Viewpoint - The company, Jin Yong Investment (01328.HK), announced the redemption of its entire 5.05% stake in TechStar, amounting to 5.06 million shares, for a total cash redemption price of HKD 56.925 million, at a price of HKD 11.25 per share, following the completion of a special purpose acquisition company (SPAC) merger transaction on December 10, 2025 [1][2]. Group 1 - The redemption involves a total cash amount of HKD 56.925 million [1]. - Each TechStar share was redeemed at HKD 11.25 [1]. - After the redemption and completion of the SPAC merger, the company will no longer hold any shares in TechStar [1]. Group 2 - TechStar is a special purpose acquisition company registered in the Cayman Islands, established to merge with one or more businesses [1]. - Prior to completing any business combination, TechStar had no significant business activities [1]. - Following the merger, TechStar shares and warrants will be delisted from the Hong Kong Stock Exchange, effective from December 10, 2025 [1]. Group 3 - The company believes the redemption provides a good opportunity to liquidate its investment in TechStar, allowing for the reallocation of resources to other business needs [2].
金涌投资(01328.HK)附属持有的全部506万股TechStar股份已获赎回