Veeko International Holdings Limited (Veeko Int’l, 01173.HK) has applied to the Stock Exchange of Hong Kong for a waiver from strict compliance with Rule 14.41(a) of the Listing Rules, which requires a circular on major transactions to be dispatched within 15 business days of the initial announcement.

The company had announced on 12 and 24 February 2026 the sale of a property asset (the “Disposal”), classified as a major transaction under Chapter 14 of the Listing Rules. Based on the 12 February timeline, the circular was originally due by 10 March 2026.

Key points from the latest filing dated 10 March 2026:

1. Controlling shareholder support • Silver Crown, holding 1.39 billion shares, or approximately 55.34% of Veeko Int’l’s issued share capital, has given written approval for the disposal, eliminating the need for a shareholder meeting under Rule 14.44.

2. Reason for delay • Additional time is required to finalise the statement of indebtedness, the property valuation report and a working-capital sufficiency letter. • Veeko Int’l expects to complete and dispatch the circular on or before 27 March 2026.

3. Board composition (as at 10 March 2026) • Executive Directors: Cheng Chung Man, Johnny (Chairman); Lam Yuk Sum • Independent Non-executive Directors: Cheng Man Loong, Monty; Lam Man Tin; Lau Sze Tung

The Stock Exchange’s decision on the waiver application is pending. Veeko Int’l has reiterated that it will meet the revised dispatch deadline to provide shareholders with full details of the Disposal, including updated financial information and valuation data.