World Nexus Closes Low-Uptake Cash Offer for Thelloy Development Group

The latest announcement is out from Thelloy Development Group Limited ( (HK:1546) ).

World Nexus Holdings Limited has closed its mandatory unconditional cash offer for all issued shares of Thelloy Development Group Limited not already owned by it or its concert parties, with the offer period ending at 4:00 p.m. on 10 April 2026 without revision or extension. Valid acceptances were received for 457,000 shares, representing about 0.06% of Thelloy’s issued share capital, resulting in total cash consideration of approximately HK$86,830 to be settled and posted to accepting independent shareholders within seven business days in accordance with the Takeovers Code.

The small level of acceptances indicates that most minority shareholders chose not to tender their holdings at the offer price of HK$0.19 per share, implying limited change in the company’s overall ownership structure. Settlement logistics have been set out, with remittances to be dispatched by ordinary post at shareholders’ own risk no later than 21 April 2026, providing clarity on the cash return process for those who participated in the offer.

The most recent analyst rating on (HK:1546) stock is a Hold with a HK$0.24 price target. To see the full list of analyst forecasts on Thelloy Development Group Limited stock, see the HK:1546 Stock Forecast page.

More about Thelloy Development Group Limited

Thelloy Development Group Limited is a Hong Kong-listed construction and engineering services provider focused on building, civil engineering and related works. The company operates in the Hong Kong market, serving public and private sector clients with project contracting and development services, and its shares are traded on the Main Board of the Stock Exchange of Hong Kong.

Average Trading Volume: 6,357,924

Technical Sentiment Signal: Buy

Current Market Cap: HK$190.4M

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