---
title: "SHUNTEN INTL's offer has become unconditional and will remain open for acceptance until the 4th of next month"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/261960843.md"
description: "SHUNTEN INTL and Leading Virtue Holdings Limited jointly announced that as of the 20th, the offeror and its concert parties hold approximately 48.8% of the company's shares, and the proposed offer became unconditional at 4 PM yesterday afternoon. According to the takeover code, the deadline for accepting the offer is until 4 PM on November 4th. SHUNTEN INTL Chairman Zhang Shaohui invested HKD 18.38 million to acquire 766 million shares, expecting to increase his stake to 48.8%, and is required to make a mandatory conditional cash offer, planning to maintain the company's listing status"
datetime: "2025-10-21T01:01:36.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/261960843.md)
  - [en](https://longbridge.com/en/news/261960843.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/261960843.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/261960843.md) | [繁體中文](https://longbridge.com/zh-HK/news/261960843.md)


# SHUNTEN INTL's offer has become unconditional and will remain open for acceptance until the 4th of next month

SHUNTEN INTL (00932.HK) and the offeror Leading Virtue Holdings Limited jointly announced that as of yesterday (20th), the offeror and its concert parties collectively held approximately 48.8% of the company's issued share capital. Considering the acceptance of shares and the completion of necessary registration with the share transfer registrar for the validly accepted offer shares, the offeror and its concert parties will collectively own approximately 50.02% of the shares. Therefore, the previously proposed offer became unconditional in all respects at 4 PM yesterday. According to Rule 15.3 of the Takeover Code, the offer remains open for acceptance until 4 PM on November 4th this year.

SHUNTEN INTL previously announced that the chairman and major shareholder Zhang Shaohui, as the offeror, invested HKD 18.38 million to acquire a total of 766 million shares from Prosper Rich and Hammer Capital Consulting. It is expected that after completion, the shareholding will increase to 48.8%, and a mandatory conditional cash offer will be required as per regulations. After completion, it is intended to maintain the company's listing status on the Stock Exchange

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