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ORG Technology completes COFCO Packaging acquisition, issues pro forma reports

October 10, 2025 at 10:54 AM UTCBy FilingReader AI

ORG Technology announced the completion of its cash acquisition of all outstanding shares of COFCO Packaging Holdings Limited. The voluntary general offer, priced at HK$7.21 per share, concluded on January 22, 2025, with ORG Technology acquiring 825,703,616 COFCO Packaging shares, representing 74.16% of the issued shares, for 5.495 bn yuan. A mandatory acquisition of remaining shares for 107m yuan was completed on April 17, 2025, leading to COFCO Packaging's delisting from the Hong Kong Stock Exchange on April 22, 2025. Following the transaction, ORG Technology now holds 98.56% of COFCO Packaging.

In conjunction with the acquisition, ORG Technology published its pro forma consolidated financial statements for 2023 and 2024, prepared as if the acquisition was completed on December 31, 2022. The company also announced a new guarantee agreement with the Bank of Communications, Ningxiang Branch, providing a joint and several liability guarantee for a working capital loan of 50m yuan to its wholly-owned subsidiary, ORG (Foshan) Packaging Co., Ltd.

As of September 30, 2025, ORG Technology's total outstanding guarantees amount to 1,042,920,730 yuan, with 286,213,540 yuan related to the former COFCO Packaging and its subsidiaries, representing 49.66% of its net assets attributable to parent company shareholders as of December 31, 2024. Other guarantees total 756,707,190 yuan, or 83.38% of the parent company's net assets. No overdue external guarantees were reported.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SZSE:002701Shenzhen Stock Exchange

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