Classified Group Announces Completion of Sale and Purchase Agreement and Cash Offer for Remaining Shares

Reuters

Jul 22

Classified Group Announces Completion of Sale and Purchase Agreement and Cash Offer for Remaining Shares

Classified Group (Holdings) Ltd. has announced the completion of a sale and purchase agreement related to its sale shares. Following this, a mandatory unconditional cash offer will be made by Silverbricks Securities Company Limited on behalf of THAC Group (BVI) Limited to acquire all issued shares of Classified Group (Holdings) Limited, excluding those already owned or agreed to be acquired by the offeror and its concert parties. The company also noted the appointment of an independent financial adviser and the resumption of trading. The Offeror intends to maintain the company's existing principal activities and has no current plans to change the employee structure or redeploy fixed assets outside the ordinary course of business.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Classified Group (Holdings) Ltd. published the original content used to generate this news brief on July 22, 2025, and is solely responsible for the information contained therein.

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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Following this, a mandatory unconditional cash offer will be made by Silverbricks Securities Company Limited on behalf of THAC Group (BVI) Limited to acquire all issued shares of Classified Group (Holdings) Limited, excluding those already owned or agreed to be acquired by the offeror and its concert parties. The company also noted the appointment of an independent financial adviser and the resumption of trading. The Offeror intends to maintain the company's existing principal activities and has no current plans to change the employee structure or redeploy fixed assets outside the ordinary course of business.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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