Yunzhihui Technology (01037) will change its controlling interest and plans to receive a premium of about 55.46% from Hon Hai to make a full purchase offer

Zhitongcaijing · 2d ago

According to the Zhitong Finance App, Yunzhihui Technology (01037) and the offender Foxconn (Far East) Limited jointly announced that on July 27, 2026, the offender plans to acquire about 239 million shares of the company from FSK and FDG Fund, which is equivalent to about 33.85% of the shares issued on the date of this announcement. The total cost is approximately HK$152 million in cash, equivalent to approximately HK$0.6374 per share sold.

Following the completion of the share purchase agreement, the offeror will directly hold a total of about 286 million shares, which is equivalent to about 40.46% of the total number of shares issued on the announcement date, while FSK and FDG Fund will each no longer hold any shares. Upon completion of the share purchase agreement and subject to its rules, the offeror will be required to make a share offer in accordance with Rule 26.1 of the Takeovers Code. The offeror will also make an appropriate offer to the share option holder in accordance with Rule 13 of the Takeovers Code. Cash of HK$0.6374 per share of the offered share is approximately 55.46% premium over the closing price of HK$0.41 per share reported on the Stock Exchange on the last trading day.

According to reports, the offender is a direct wholly-owned subsidiary of Hon Hai. Its main business is investment holding.