Honghao International Holdings (08375) issued an announcement. The company's board of directors was awarded the company's controlling shareholder Vertical Te...
Zhitong Finance App News, Honghao International Holdings (08375) issued an announcement. The board of directors of the company was notified by the company's controlling shareholder Vertical Technology Investment Limited (potential seller A) (which holds 180 million shares of the company, accounting for 62.50% of the company's issued shares) and Mr. Wen Haoran (potential seller B) (which held 7.84 million shares, accounting for 2.72% of the shares). On December 21, 2023, the potential seller and Henan Lixuan Internet Technology Co., Ltd. (potential The buyer) entered into a memorandum of understanding. The potential seller may sell and the potential buyer may purchase 187.8 million shares, accounting for 65.22% of the shares issued on the date of this announcement.
As of the date of this announcement, Potential Seller A is wholly owned by Mr. Wen Haoran, the company's executive director.
The possible transaction (if implemented) would result in a change in control of the company and would trigger a mandatory comprehensive offer under Rule 26 of the Takeovers Code for all issued shares (other than shares already owned or agreed to be acquired by the potential buyer or those acting in concert with them).
Furthermore, the company has applied to the Stock Exchange to resume trading of shares on the Stock Exchange starting at 9:00 a.m. on December 27, 2023.