Broad Gongga Investment has completed the purchase of auctioned shares in Jinke Smart Services (HKG:9666), triggering an unconditional mandatory cash offer for all remaining shares, the companies said in a joint Hong Kong bourse filing on Friday.

The auction transfer was completed on Sept. 18, giving Broad Gongga and its concert parties control of 333.8 million shares, or about 55.91% of Jinke Smart Services.

The shares were acquired at 6.19 yuan each, for a total consideration of 666.8 million yuan.

Under the takeover code, Broad Gongga is now required to make a mandatory unconditional general offer in cash for all shares it does not already own. The offer will be unconditional in all respects.