Mission Forward triggers mandatory offer for HK Technology Venture

Mission Forward Limited is acquiring approximately 29.50% interest in Top Group International Ltd., leading to unconditional mandatory cash offers for all outstanding shares and options of Hong Kong Technology Venture Company Limited (HKEX:1137), excluding those already held by Mission Forward and its affiliates. The Share Offer price is set at HKD 0.654 per share. This follows Mission Forward's purchase of shares in Top Group from Mr. Leung and Mr. Yau for a total consideration of HKD 62,834,312. Top Group holds approximately 45.01% of HK Technology Venture. Independent financial advisor Altus Capital will advise the independent board committee. Somerley Capital Limited is acting as financial advisor to the Offeror. The Offeror intends to maintain HK Technology Venture's listing on the Stock Exchange.