WK Group (Holdings) Limited announced the despatch of a composite offer document on 11 September 2026 that triggers a conditional mandatory general cash offer for all shares not already held by WellLuck Limited and parties acting in concert with it.
Key terms: • Offer price: HK$0.09 per share, matching the price paid for the 39.00% stake acquired on 30 July 2026. • Shares subject to offer: 1.22 billion, representing 61.00% of issued capital. • Maximum cash consideration: HK$109.80 million. • Condition: Offer becomes unconditional if WellLuck Limited and its concert parties secure more than 50% of voting rights by 4:00 p.m. on 2 October 2026 (First Closing Date).
Background: On 29 July 2026, vendor WK (BVI) Limited sold 780.00 million shares (39.00% of issued capital) to WellLuck Limited for HK$70.20 million. Completion occurred on 30 July 2026, elevating WellLuck Limited to single-largest shareholder.
Funding: WellLuck Limited will finance up to HK$110.60 million of the offer through an offer facility provided by Get Nice Securities, secured by a share charge over the acquired and tendered shares.
Timetable highlights: • Offer opens: 11 September 2026 • First Closing Date: 2 October 2026 (results announcement by 7:00 p.m.) • Final Closing Date (if unconditional on First Closing Date): 16 October 2026 • Long-stop date for unconditionality: 10 November 2026
Strategic intentions: The offeror plans to keep WK Group’s Main Board listing, retain existing management and employees, and continue core structural-steel operations while reviewing future business opportunities.
Regulatory notes: The Stock Exchange may suspend trading or cancel listing if public free float falls below 25% at offer close and is not restored within 18 months.
Advisers: • Offeror financial adviser and offer agent: Get Nice Securities Limited • Company financial adviser: Aurelius Corporate Finance Limited • Independent financial adviser: Alpha Financial Group Limited
Payment terms: Settlement cheques (net of 0.10% seller’s stamp duty) will be mailed within seven business days after the later of offer becoming unconditional or receipt of valid acceptance.