---
title: "SG GROUP HLDGS: The share purchase agreement has been completed, and the offeror will make a mandatory unconditional cash offer"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290509781.md"
description: "SG GROUP HLDGS announced that the conditions precedent for the share purchase agreement have been met, and the transaction will be completed on June 23, 2026. The offeror, Hong Kong Weiye Software, will acquire 23.97 million shares for HKD 199 million, holding 74.91% of the shares. According to the takeover code, the offeror must make a mandatory unconditional cash offer for the remaining shares"
datetime: "2026-06-23T04:23:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290509781.md)
  - [en](https://longbridge.com/en/news/290509781.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290509781.md)
---

# SG GROUP HLDGS: The share purchase agreement has been completed, and the offeror will make a mandatory unconditional cash offer

According to the Zhitong Finance APP, SG GROUP HLDGS (01657) and the offeror Hong Kong Wei Ye Software Co., Ltd. jointly announced that all conditions precedent under the share purchase agreement have been met, and the completion has been implemented on June 23, 2026. According to the share purchase agreement, the offeror will acquire a total of 23.97 million shares at a total price of HKD 199 million. Immediately before completion, the offeror, its ultimate beneficial owners, its directors, and the offeror's concert parties (excluding the sellers) will hold no shares; and the sellers will have interests in the 23.97 million shares (i.e., the sale shares). After completion, the offeror and the offeror's concert parties will collectively own 23.97 million shares, accounting for 74.91% of the total issued shares of the company as of the date of this joint announcement.

Therefore, according to Rule 26.1 of the Takeover Code, the offeror must make a mandatory unconditional cash offer for all issued shares (excluding those already owned by the offeror and the offeror's concert parties and/or those agreed to be acquired)

### Related Stocks

- [01657.HK](https://longbridge.com/en/quote/01657.HK.md)

## Related News & Research

- [SG Group says Hong Kong Weiye Software completes HK$198.52 million purchase of 74.91% stake](https://longbridge.com/en/news/290508350.md)
- [India's Bajaj Auto says ransomware attack hits systems](https://longbridge.com/en/news/290579305.md)
- [Software stocks have officially lost their long-term edge](https://longbridge.com/en/news/290468055.md)
- [Thoma Bravo Europe Fund makes growth investment in occupational health software firm padoa](https://longbridge.com/en/news/290655741.md)
- [19:16 ETCAI Software Acquires PlanetTogether; Strengthening Advanced Planning and Scheduling Capabilities Across Manufacturing](https://longbridge.com/en/news/290749215.md)