China Alliance Ventures launches mandatory offer for China Wacan

China Alliance Venture Limited has announced the despatch of a composite document related to its mandatory unconditional cash offer for all issued shares of China Wacan Group Company Limited (HKEX:1920), excluding those already owned or agreed to be acquired by China Alliance Venture or parties acting in concert. The offer, managed by Yellow River Securities Limited, is unconditional and open for acceptance until 4:00 p.m. on April 30, 2025. Shareholders are advised to carefully review the composite document, including the letters from the Independent Financial Advisor and the Independent Board Committee, before making a decision. The announcement of the offer's results will be posted on the Stock Exchange's website no later than 7:00 p.m. on April 30, 2025, and remittances for valid acceptances are expected to be posted by May 13, 2025. Independent Financial Advisor to Independent Shareholders, MERDEKA 領智.