Twintek offer closes, public float dips below 15%, trading suspended

The mandatory unconditional cash offer by Get Nice Securities Limited on behalf of Mars Nest Limited to acquire all issued shares of Twintek Investment Holdings Limited closed on Tuesday, December 16, 2025, at 4:00 p.m. The offeror received 12 valid acceptances for 111,316,000 shares, representing approximately 13.91% of Twintek's issued share capital. The total consideration for these acceptances amounts to HK$27,133,275, with remittances to be dispatched by Monday, December 29, 2025.

Following the offer's close, Mars Nest Limited and its concert parties now hold an aggregate of 711,316,000 shares, equating to approximately 88.91% of Twintek's issued share capital. Consequently, the public float has fallen to approximately 11.09%, below the minimum 15% required by listing rules.

As a result, trading in Twintek shares on the Stock Exchange was suspended effective 9:00 a.m. on Wednesday, December 17, 2025. Twintek has applied for a temporary waiver from compliance with listing rules, and Mr. Liu, the sole director of Mars Nest, has committed to restoring the public float. Furthermore, Mr. Li Pui Ho has resigned as a non-executive director and audit committee member, effective December 16, 2025.