Hong Kong – 12 May 2026 – Prime Surplus Limited and SHK Hong Kong Industries Limited, acting as joint offerors for CNT Group Limited (CNT) and CPM Group Limited (CPM), announced delays in the dispatch of the respective composite offer documents under the Hong Kong Takeovers Code.
Delay of CNT Composite Document • Under Rule 8.2, the CNT composite document was originally due on or before 12 May 2026. • Additional time is required to finalise information—specifically the letter from the Independent CNT Financial Adviser. • The Executive has indicated it will consent to an extension, setting a new deadline of 29 May 2026. • Further announcements will be issued once the document and accompanying acceptance form are dispatched or if the timetable changes.
Delay of CPM Composite Document • The CPM offer can only be launched after the CNT offer becomes unconditional. • The key pre-condition: valid acceptances of CNT shares must lift the Offerors’ and concert parties’ aggregate holdings above 50 % of CNT’s voting rights. • As the date of fulfilment is outside the Offerors’ control, an extension for the CPM composite document was sought. • The Executive is minded to allow dispatch within seven days after the CNT offer becomes unconditional.
Boards’ Responsibility Statements • Prime Surplus, SHK, CNT and CPM directors confirm responsibility for the accuracy of information pertaining to their respective entities and have made all reasonable enquiries to ensure no misleading omissions.
Key Dates (subject to further notice) • Original CNT composite document deadline: 12 May 2026 • Extended CNT composite document deadline: on or before 29 May 2026 • CPM composite document deadline: within seven days after CNT offer is declared unconditional
Investors should monitor forthcoming announcements for definitive dispatch dates and any revisions to the offer timetable.