---
title: "SG GROUP HLDGS transferred nearly 75% of its shares to Sifang Weiye at a 72% discount for a full acquisition, resuming trading this morning"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288787389.md"
description: "SG GROUP HLDGS transferred nearly 75% of its shares for HKD 198 million to Sifang Weiye, at a discount of approximately 72%. The offeror intends to make a mandatory cash offer at HKD 8.323 per share. The company has been suspended since May 26 and resumed trading this morning"
datetime: "2026-06-05T00:34:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288787389.md)
  - [en](https://longbridge.com/en/news/288787389.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288787389.md)
---

# SG GROUP HLDGS transferred nearly 75% of its shares to Sifang Weiye at a 72% discount for a full acquisition, resuming trading this morning

According to a report from Economic Information Agency on the 5th, SG GROUP HLDGS (01657) and Hong Kong Wei Ye Software jointly announced that Wei Ye Software, wholly owned by Si Fang Wei Ye, will spend HKD 198 million to acquire 74.91% of the shares from shareholders. Following the completion, the offeror will make a possible unconditional mandatory cash offer at an offer price of HKD 8.323 per share, which represents a discount of approximately 72.3% compared to the last trading price of HKD 30. The group has suspended trading since May 26 and will apply to the Stock Exchange for the resumption of trading at 9:00 AM today.

The offeror confirmed that the offer price is final and will not be increased. The maximum total amount payable by the offeror upon full acceptance of the offer will be approximately HKD 266 million. The offeror is wholly owned by Si Fang Wei Ye. Si Fang Wei Ye is a big data and artificial intelligence product and service provider headquartered in China, offering software solutions covering data collection, storage, analysis, and visualization to clients in industries such as government, energy, transportation, finance, and manufacturing in China.

After the offer deadline, the offeror intends for the group to continue its existing main business in the long term and maintain its listing status on the Stock Exchange. The offeror plans to nominate new directors to join the board. (wh)

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