Beijing Tong Ren Tang launches cash offer for CLSA Premium

Beijing Tong Ren Tang (Cayman) Limited has launched an unconditional mandatory cash offer for all shares of CLSA Premium Limited (HKEX:6877), excluding those already owned or agreed to be acquired by Beijing Tong Ren Tang and related parties, with Shanggu Securities Limited acting as the financial advisor. A composite document detailing the offer was dispatched to independent shareholders on March 11, 2025, marking the commencement of the offer period. The offer, initially open for at least 21 days, is set to close on April 1, 2025, unless extended. The CLSA Premium Board have issued a clarification around the commencement of the offer period, stating the offer period initially commenced on July 15, 2024. Independent shareholders are encouraged to read the composite document and advice from the Independent Board Committee carefully.