Senhao Group (08285)'s controlling interest changed hands and received a premium of about 34.9% and offered a full purchase offer to resume trading on October 23

Zhitongcaijing · 2d ago

According to the Zhitong Finance App, Senhao Group (08285) and the offender OME HOLDING LIMITED jointly announced that on October 6, 2026, the offender, China Ground Materials and Olive Investment, plans to purchase a total of 420 million shares from Yen Sheng Investment Limited and Summit Time Resources Limited, at a total cost of HK$6.06 million, equivalent to HK$0.143 per share.

After completion, the offeror and those acting in concert will own 420 million shares (including 224 million shares to be held by the offender; 678.3896 million shares to be held by China Floor Materials; and 128 million shares to be held by Olive Investment), accounting for a total of 75.0% of the company's total issued share capital on the date of this joint announcement.

Xinfu Securities will make a mandatory unconditional cash offer for and on behalf of the offeror in accordance with section 26.1 of the Takeovers Code to acquire all issued shares (except those that the offeror and those acting in concert with them (including the ultimate beneficial owners of China Roots, Olive Investment and their respective ultimate beneficial owners) own and/or have agreed to the acquisition). Cash of HK$0.143 per share of the offer was approximately 34.9% over the closing price of HK$0.106 per share reported on the last trading day. The maximum cash price payable by the offeror under the offer was HK$2002 million.

Furthermore, the company has applied to the Stock Exchange to resume share trading from 9:00 a.m. on October 23, 2026.