Hapbiotech Takes 70% Stake in Ling Yui and Launches Mandatory Cash Offer

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2026.04.14 15:09
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Hapbiotech Investment Holding Limited has acquired a 70.02% stake in Ling Yui Holdings Limited, purchasing 560,140,000 shares at HK$0.2375 each. This transaction, completed on April 9, 2026, triggers a mandatory cash offer for the remaining shares at the same price, as per Hong Kong’s Takeovers Code. The acquisition indicates a significant shift in control and governance for Ling Yui, impacting its minority shareholders. Ling Yui is a Hong Kong-listed company, but details on its business operations are not provided in the announcement.