Hing Lee Updates Market on Potential Change-of-Control Transaction
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Hing Lee (HK) Holdings Limited has provided an update regarding a potential change-of-control transaction that may trigger a mandatory general offer under Hong Kong’s Takeovers Code. The potential purchaser has completed due diligence without expressing dissatisfaction, but no formal agreement has been signed. The company will continue to issue monthly updates until a firm offer is made or negotiations are halted, advising shareholders of the uncertainty involved. Hing Lee is a Bermuda-incorporated company listed in Hong Kong, with a market cap of HK$335.4M.
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