Hang Pin Living Technology Company Limited (HK:1682) has released an update.
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Brilliant Sunshine International Limited, in conjunction with Kingston Securities, has made a voluntary conditional cash offer to acquire all shares of Hang Pin Living Technology Company Limited, excluding those already held by the offeror and its allies, at HK$0.08 per share, matching the price previously paid for Mr. Ng’s shares. Additionally, they seek to cancel all outstanding share options at HK$0.01 each. This proposal aims to give Brilliant Sunshine International and its partners over 50% ownership in Hang Pin Living.
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