FilingReader Intelligence

HKTV faces mandatory cash offer at 59% discount

July 21, 2025 at 05:01 PM UTC•By FilingReader AI

Mission Forward Limited has launched an unconditional mandatory cash offer for all outstanding Hong Kong Technology Venture shares at HK$0.654 per share, representing a 59.4% discount to the latest closing price.

The Independent Board Committee recommends shareholders reject the offer due to the unattractive price and substantial discounts to net asset values.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

Primary Source Document

COMPOSITE DOCUMENT UNCONDITIONAL MANDATORY CASH OFFERS BY SOMERLEY CAPITAL LIMITED ON BEHALF OF MISSION FORWARD LIMITED TO ACQUIRE ALL OF THE ISSUED SHARES IN AND TO CANCEL ALL OUTSTANDING OPTIONS OF HONG KONG TECHNOLOGY VENTURE COMPANY LIMITED (OTHER THAN THOSE SHARES AND OPTIONS ALREADY OWNED BY MISSION FORWARD LIMITED AND PARTIES ACTING IN CONCERT WITH IT)July 21, 2025 at 12:02 PM UTC

Hong Kong Technology Venture Co

HKEX:1137•Hong Kong Exchange

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