GF Securities (Hong Kong) Assists Guangken Singapore in Completing its Cash Offer for Hualien International

2024-09-02 11:15 GF Securities (Hong Kong)

On August 23, 2024, Guangken Rubber (Singapore) Pte. Ltd. (referred to as the "Offeror" or "Guangken Singapore") completed its mandatory unconditional cash offer for Hualien International (Holdings) Company Limited (969.HK, referred to as the "Offeree" or "Hualien International").
GF Capital (Hong Kong) Limited and GF Securities (Hong Kong) Brokerage Limited (collectively referred to as "GF Securities (Hong Kong)") served as the sole financial advisor and offer agent for the Offeror in this transaction.
Guangdong Agribusiness Group Corporation is implementing state-owned enterprise reform, responding to the national "Belt and Road" initiative, and firmly executing the "going global" strategy for state-owned enterprises. Following reviews and approvals by the Ministry of Finance, the Ministry of Agriculture and Rural Affairs, and the State-owned Assets Supervision and Administration Commission of the State Council, the overall transfer of China Chengtong Group's overseas sugar project to Guangdong Agribusiness Group is the only comprehensive transaction in the past five years that integrates the free transfer of equity between central government-owned enterprises, the acquisition of overseas physical assets, and a Hong Kong stock offer. This transaction is an important part of that comprehensive deal.
GF Securities (Hong Kong) has strengthened collaboration between domestic and overseas teams, conducting multiple rounds of verification for a series of transaction structures and execution plans. We are committed to designing efficient execution plans and have actively communicated with Hong Kong regulatory authorities to secure an ideal offer scheme.
This transaction is a significant project that deepens the comprehensive cooperation between GF Securities (Hong Kong) and Guangdong Agribusiness Group Corporation based on their strategic cooperation agreement. In the future, GF Securities (Hong Kong) will continue to provide services in the domestic and overseas investment and financing sectors for Guangdong Agribusiness Group Corporation.
 
Note: "GF Securities (Hong Kong)" referred to in this text includes GF Holdings (Hong Kong) Corporation Limited and/or its relevant subsidiaries established in Hong Kong.
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