Kangji Medical privatization document dispatch delayed to October

Knight Bidco Limited and Kangji Medical Holdings Limited have jointly announced a delay in the dispatch of the scheme document for the proposed privatization of Kangji Medical. Originally due by September 2, 2025, the new deadline for dispatch is now no later than October 31, 2025. This extension was granted by the executive following an application.

The delay is attributed to the need for additional time to fulfill pre-conditions, finalize the scheme document content, and obtain directions from the Grand Court regarding the court meeting. The Grand Court's vacation period from August 1 to September 15, 2025, also contributed to the revised timeline. All pre-conditions for the proposal remain outstanding as of the announcement date.

The scheme document, upon dispatch, will include details of the proposal, expected timetable, an explanatory statement, company information, recommendations from the independent board committee, and notices for the court meeting and EGM. Shareholders and potential investors are cautioned as the implementation of the proposal remains subject to the fulfillment or waiver of pre-conditions and conditions.