SIS INT'L (00529) announced that on October 13, 2025, its wholly-owned subsidiary Shi Ying Limited (the purchaser), incorporated in Hong Kong, acquired a total of 1,329,100 ordinary shares in Gestetner of Ceylon Plc (Gestetner) through transactions executed on the Colombo Stock Exchange (CSE), representing 50.01% of its issued shares.

The acquisition was made from sellers at a price of 239.75 Sri Lankan rupees per share, with a total cash consideration of 321 million Sri Lankan rupees (equivalent to approximately HK$8.349 million), including transaction costs of 2.4593 million Sri Lankan rupees (equivalent to approximately HK$63,900).

Gestetner is incorporated in Sri Lanka and its shares are listed on the CSE under the stock code "GEST". The company is primarily engaged in importing and supplying office automation products in Sri Lanka, along with providing after-sales services.

In accordance with the provisions of the Code on Takeovers and Mergers 1995 (as amended in 2003) promulgated by the Securities and Exchange Commission of Sri Lanka under the Securities and Exchange Commission of Sri Lanka Act, the purchaser is required to make a mandatory offer to the remaining shareholders of Gestetner to acquire their ordinary shares at 239.75 Sri Lankan rupees per share.

The mandatory offer involves 1,328,700 ordinary shares, representing 49.99% of Gestetner's issued and paid-up ordinary shares. The total maximum consideration for the mandatory offer is approximately 319 million Sri Lankan rupees (equivalent to approximately HK$8.2824 million) plus transaction costs.

In Sri Lanka, the initial acceptance period for the mandatory offer is a maximum of 14 trading days, which may be extended in accordance with the CSE's trading rules and regulations.

The acquisition represents the group's expansion of its distribution business in countries with emerging opportunities. Following the acquisition, Gestetner will become a non-wholly owned subsidiary of the company.