Genes Tech Group Holdings (8257) and Watlow Electric Manufacturing Announce Successful Scheme Approval and Expected Delisting

Bulletin Express

Feb 13

Genes Tech Group Holdings Company Limited (stock code: 8257) and Watlow Electric Manufacturing Company jointly announced that the proposal to privatize Genes Tech Group Holdings by way of a scheme of arrangement was approved at a Court Meeting and an Extraordinary General Meeting (EGM) held on 13 February 2026.

According to the announcement, Scheme Shareholders holding approximately 758.44 million shares (100% of votes cast) supported the resolution. These shares constituted 100% of the total disinterested shares voted. Subsequently, resolutions on reducing share capital, issuing new shares to Watlow Electric Manufacturing, and maintaining issued capital were also approved at the EGM by 100% of the votes cast (approximately 767.18 million shares).

The company has 1.00 billion shares in issue. The scheme remains conditional upon certain final requirements being fulfilled or waived, and is expected to take effect on 27 February 2026 (Cayman Islands time). The last day of trading in Genes Tech Group Holdings’ shares on the Stock Exchange is expected to be 16 February 2026, with the listing on GEM to be withdrawn at 4:00 p.m. on 3 March 2026. The share register will close from 25 February 2026 onward for the purpose of determining entitlements, and relevant payment to scheme shareholders is anticipated on or before 10 March 2026.

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