Public Financial Holdings Calls 23 Nov 2026 SGM to Approve Scheme of Arrangement, Share Capital Reduction, and Delisting

Bulletin Express
Oct 30

Public Financial Holdings Limited (PUBLIC FIN HOLD) has issued a notice convening a Special General Meeting (SGM) for 10:30 a.m. on 23 November 2026 at the Kowloon Shangri-La Hotel in Hong Kong, to be held immediately after a Court-convened meeting scheduled for the same venue and date.

The sole agenda item is a special resolution required to implement the proposed scheme of arrangement (the “Scheme”) between the company and its scheme shareholders. Key actions subject to shareholder and court approval include:

• Cancellation of all Scheme Shares, resulting in a reduction of the company’s issued share capital. • Simultaneous issuance to the offeror of an equal number of new shares, credited as fully paid, to maintain the company’s issued share capital at its pre-cancellation level by applying the reserve created from the cancellation. • Authorisation for any one director to execute all steps needed to complete the proposal, notably: – Applying to The Stock Exchange of Hong Kong Limited for the withdrawal of PUBLIC FIN HOLD’s listing once the Scheme becomes effective. – Effecting the capital reduction and allotment of the replacement shares. – Consenting, on the company’s behalf, to any court-imposed modifications or additions to the Scheme.

Administrative arrangements:

• Shareholders may appoint one or more proxies; completed proxy forms must reach Tricor Investor Services Limited by 10:30 a.m. on 21 November 2026 (48 hours before the SGM). • The share register will close for transfers at 4:30 p.m. on 17 November 2026 to determine SGM voting eligibility. • All resolutions will be decided by poll in accordance with Listing Rule 13.39(4).

The board currently comprises three Non-Executive Directors (Lai Wan, Quah Poh Keat, Lee Huat Oon), one Executive Director (Chong Yam Kiang), and three Independent Non-Executive Directors (Lee Chin Guan, Lim Chao Li, Phe Kheng Peng). The directors collectively accept responsibility for the accuracy of the disclosed information.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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