Meta-Wisdom Tech and Home Control International (HKG:1747) delayed the closing date for acceptance of a takeover offer to Wednesday, citing a black rainstorm warning in Hong Kong, according to a Tuesday bourse filing.
Shares of Home Control, a maker of TV remote controls, surged 9% in recent trade.
The mandatory unconditional cash offer was triggered in late June after Meta-Wisdom acquired a 74.02% stake in Home Control from NHPEA IV Home Control, a Morgan Stanley private equity fund, for HK$230 million, or HK$0.6133 per share.
Meta-Wisdom is now required to purchase the remaining 131.7 million shares at HK$0.616 apiece in cash.
The offer had initially been scheduled to close on Aug. 5.
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