Hong Kong Resources Holdings (02882) and Lukfook Group (00590) jointly announced that Chuangyue Capital Limited made a possible unconditional mandatory cash offer on behalf of Lukfook Supreme Investment Group Limited to acquire all issued shares of Hong Kong Resources Holdings Limited and cancel all outstanding share options of Hong Kong Resources Holdings Limited. On January 11, 2024, the offender, Mr. Lee and Zhuo Sheng entered into a second supplementary agreement to the Zhuo Sheng trading agreement. Accordingly, the contracting parties agreed (among others) to increase the price of each share sold by Shengzhuo from HK$0.70 HK$0.748 and exemption from trading shares sold by Mr. Lee.
On January 11, 2024, the offender, Mr. Wong and Grace Fountain entered into the second supplementary agreement to the Grace Fountain Sale Agreement. According to this, the contracting party agreed to raise the price of each Grace Fountain sale share from HK$0.70 to HK$0.748 and exempt the first batch of convertible bonds. Therefore, according to the Grace Fountain sale agreement, only Grace Fountain sales shares will be traded.
On January 11, 2024, the offender, Mr. Duan, and Excel Horizon entered into the second supplementary agreement to the Excel Horizon sales agreement. According to this, the contracting party agreed to raise the price of each Excel Horizon sale share from HK$0.70 to HK$0.748 and exempt the sale of the second batch of convertible bonds. Therefore, according to the Excel Horizon sales agreement, only Excel Horizon sales shares will be traded.
As a result, the offer price of each share offered will be raised from HK$0.70 in cash to HK$0.748 in cash.