MSINT Ltd acquires control of Centenary United, triggering mandatory offer

MSINT Ltd has completed the acquisition of 376,916,000 Sale Shares in Centenary United Holdings Limited from the vendors, representing approximately 71.12% of the total issued share capital, for HK$152,650,980 (HK$0.405 per Sale Share). This transaction, completed on December 11, 2025, made MSINT Ltd, along with Mr. Mo and parties acting in concert, the controlling shareholders with a combined interest of approximately 71.21% in Centenary United Holdings.

Following this acquisition, Rainbow Capital (HK) Limited, on behalf of MSINT Ltd, is making a mandatory unconditional cash offer to acquire all other issued shares at HK$0.94 per offer share. This offer price represents a discount of approximately 66.78% to the last closing price of HK$2.83 on December 11, 2025. The total maximum consideration for full acceptance of the offer is HK$143,428,960.00.

Trading in Centenary United Holdings shares was halted on December 12, 2025, and is expected to resume on December 17, 2025. Veda Capital Limited has been appointed as the independent financial adviser to the independent board committee to assess the fairness and reasonableness of the offer.