Hong Kong Hunglap Technology Co., Limited and Horizon Heights Ltd. have entered into a sale and purchase agreement with the receiver for the acquisition of shares in IDT International Limited. This follows the appointment of a receiver for 312,432,503 shares, representing approximately 72.10% of IDT International Limited's issued share capital, previously held under a share charge by Tiger Energy. The agreement was finalized on October 22, 2025, prior to market trading hours. Additionally, a mandatory unconditional cash offer will be made by Lego Securities Limited on behalf of the joint offerors to acquire all issued shares of IDT International Limited not already owned or agreed to be acquired by them and parties acting in concert. Trading in the shares has resumed.