UTS MARKETING (06113) received a discount of about 81.2% and offered to withdraw cash and resume trading on April 16

Zhitong Finance App News, UTS MARKETING (06113) issued an announcement. On April 9, 2025, the company was informed by the offender that the offender and ALF (as the buyer) had entered into sales agreements with the following parties: (i) Marketing Intellect, MarketingTalent and MarketingWisdom (as sellers); and (ii) such guarantors (as guarantors). Based on this, the offender and ALF have agreed to sell a total of 300 million shares for sale Shares account for 75.0% of the company's total issued share capital on the date of this joint announcement. The cost of selling the shares was HK$186 million (equivalent to HK$0.62 per share sold). The completion was implemented immediately after the sale agreement was signed on April 9, 2025. The offer price of HK$0.62 per share is approximately 81.2% off of the last trading price of HK$3.30 per share reported on the Stock Exchange on the last trading day immediately before the shares were suspended on April 9, 2025;

Following completion and as of the date of this joint announcement, the offeror and those acting in concert (including ALF) held a total interest in 300 million shares, accounting for 75.0% of the company's total issued share capital on the date of this joint announcement.

The offeror recommended that the board of directors change the company's English name from “UTsMarketingSolutions Holdings Limited” to “BitStrat Holdings Limited” and add the company's Chinese name “BitStrategy Holdings Limited” after the end of the offer.

The company has applied to the Stock Exchange to resume trading of shares on the Stock Exchange starting at 9:00 a.m. on April 16, 2025.