Kangji Medical privatization progresses as deadline extended

Knight Bidco Limited and Kangji Medical Holdings Limited have provided a monthly update on the proposed privatization via a scheme of arrangement. The Executive has extended the deadline for despatching the Scheme Document to no later than October 31, 2025. A directions hearing for the Grand Court is scheduled for October 6, 2025, as both parties work to finalize the Scheme Document and obtain court directions for the Court Meeting.

The implementation of the proposal and scheme remains subject to the fulfillment or waiver of various conditions, including approval at the Court Meeting and sanction by the Grand Court, none of which have been met or waived as of the announcement date. Further announcements are expected upon the despatch of the Scheme Document.

As of the announcement, the Offeror and Offeror Concert Parties hold an aggregate interest in 904,378,000 shares, representing approximately 74.87% of Kangji Medical's issued share capital. Shareholders and potential investors are cautioned to exercise prudence, as the proposal's implementation is not guaranteed.