TWINTEK (06182): Total of 111 Million Offer Shares Validly Accepted

Stock News
Dec 16, 2025

TWINTEK (06182) announced that as of 4:00 p.m. on Tuesday, December 16, 2025 (the last date and time for accepting the offer as specified in the composite document), the offeror had received 12 valid acceptances totaling 111 million shares under the offer. This represents approximately 13.91% of the company's total issued share capital as of the date of this joint announcement.

Following the close of the offer and accounting for the 12 valid acceptances involving 111 million offer shares as of 4:00 p.m. on December 16, 2025, and pending proper registration of the transfers by the share registrar, the offeror and its concert parties (including Mr. Li Haoyuan) will hold interests in a total of 711 million shares, equivalent to approximately 88.91% of the company's total issued share capital as of the date of this joint announcement.

After the close of the offer and as of the date of this joint announcement, pending proper registration of the transfers, 88.684 million shares (approximately 11.09% of the company's total issued share capital) will be held by the public (as defined under the Listing Rules). Consequently, the company no longer complies with the minimum public float requirement under Rule 8.08(1) of the Listing Rules.

Under Rule 13.32(3) of the Listing Rules, if the public float falls below 15%, trading in the shares is generally required to be suspended. As the public float has dropped below 15%, the company has requested a suspension of trading in its shares on the Hong Kong Stock Exchange effective from 9:00 a.m. on Wednesday, December 17, 2025 (the trading day immediately following the close of the offer).

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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