Pine Technology (HKG:1079) and MicroNova said the mandatory unconditional cash offers for Pine's shares and outstanding share options closed on Sept. 16 without further extension, according to a same-day Hong Kong bourse filing.

Shares of the computer components and consumer electronics firm were down nearly 9% in Wednesday morning trade.

MicroNova received valid acceptances for about 794,357 shares, equal to 0.06% of Pine's issued capital, and for 45.78 million share options, or 82.1% of those subject to the option offer.

Following completion, MicroNova, its owner Yu, and concert parties hold 714.96 million shares, representing 53.9% of Pine's issued capital, up from 53.8% previously.

Pine confirmed that its public float remains at about 46.1%.