CPM Group (CPM): Prime Surplus and SHK Hong Kong Industries Release Monthly Update on Potential Unconditional Cash Offer

Bulletin Express
Jun 12

Prime Surplus Limited and SHK Hong Kong Industries Limited jointly issued a monthly update regarding their possible mandatory unconditional cash offers for all issued shares and outstanding share options of CPM Group Limited that are not already owned or agreed to be acquired by the offerors, CNT Group and their concert parties.

The proposed CPM offers will only proceed if the separate takeover offer for CNT Group (the “CNT Offer”) becomes or is declared unconditional in all respects. This pre-condition remains outstanding.

The CNT Composite Document and accompanying form of acceptance were dispatched to independent CNT shareholders on 29 May 2026. As of the announcement date (12 June 2026), the CNT Offer had not yet become unconditional.

As previously disclosed, the offerors sought and obtained consent from the Securities and Futures Commission’s Executive to defer the despatch of the CPM Composite Document. The Executive granted permission on 15 May 2026, allowing the document to be sent within seven days after the CNT Offer becomes or is declared unconditional.

Further announcements will be made in accordance with the Hong Kong Takeovers Code. Shareholders, option holders and prospective investors in CPM are advised to exercise caution when dealing in CPM securities, given the conditional nature of the potential offers.

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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