Tempus Holdings Negotiates Restructuring Deal

Tempus Holdings Limited (HK:6880) has released an update.

Tempus Holdings Limited, currently in liquidation, has entered into an exclusivity agreement with an investor for a proposed restructuring that could involve a capital reorganisation, new share subscriptions, and a creditors’ scheme of arrangement. The investor has provided HK$6.5 million as non-refundable earnest money, securing an exclusivity period for negotiations until 24 October 2024. Should the subscription proceed, it may result in a change of control over the company, potentially triggering a mandatory general offer for all the shares under Hong Kong’s Takeovers Code.

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