Shaw Brothers Holdings Limited (stock code: 00953) announced a delay in dispatching its circular related to a potential extreme and connected transaction involving the acquisition of the entire issued share capital of CMC Moon Holdings Limited. According to the original 21 January 2026 announcement, the circular was required to be sent to shareholders within the timeframe stipulated by the Listing Rules and the Takeovers Code. However, more time is needed for due diligence, fulfillment of regulatory requirements, and preparation of updated financial and valuation information covering the full year ended 31 December 2025.

The company now expects to dispatch the circular on or before 30 June 2026. This will allow additional time for finalizing audited financial statements of both Shaw Brothers and the target business, as well as for CITIC Securities to conduct further due diligence. The report will also incorporate a recent independent valuation of the target business and an updated letter of advice from the Independent Financial Adviser.

Shaw Brothers has applied for and secured consent from the relevant regulatory authorities to extend the dispatch deadline. The company additionally cautions that the acquisition remains subject to various conditions, including independent shareholder approval and fulfillment of other regulatory requirements, and there can be no certainty that the transaction will proceed.