Truesense Trading launches HK$754.39m cash offer for Tian Ge Interactive

Truesense Trading Limited, a company wholly owned by Ms. Hong Yan, has launched a mandatory unconditional cash offer to acquire all issued shares of Tian Ge Interactive Holdings Limited not already owned or to be acquired by Truesense, Ms. Hong, Mr. Fu Zhengjun, and Blueberry Worldwide Holdings Limited. The offer price is set at HK$0.68 per offer share, matching the highest price paid for acquisition shares on the secondary market. This values the entire issued share capital of Tian Ge Interactive at approximately HK$754.39 million.

The offeror acquired 20,000,000 shares on October 28, 2025, for a total consideration of HK$13,597,870. The offer is unconditional and will not be increased. Following the acquisition, the offeror and parties acting in concert hold an aggregate of 350,895,000 shares, representing approximately 31.63% of the total issued share capital.

The offeror intends to finance the offer through internal resources of approximately HK$40.6 million and a facility of HK$430 million granted by Astrum Capital, Patrons Securities, and Kingston Securities. Trading in Tian Ge Interactive shares was halted on October 30, 2025, and will resume on November 20, 2025.