SINO GOLF HOLD transferred over 50% of its equity to acquire all of Touch Technology

SINO GOLF HOLD (00361.HK) announced that the administrator sold 2.601 billion shares and convertible bonds with a total principal amount of HKD 74.1 million to an independent third party, Han Cheng Energy Group (the offeror), for a total consideration of approximately HKD 93.34 million. Upon completion, the offeror will hold 50.11% of the company's equity and is required to make a mandatory general offer at a cash price of HKD 0.029 per share, representing a discount of 32.56% compared to today's (23rd) closing price. After the transaction, the offeror intends to maintain the shares listed on the Stock Exchange