According to the Zhitong Finance App, Meijiehui Holdings (01389) and the offender Max Premier Limited jointly announced that on October 5, 2026, the offender had completed the purchase of about 298 million shares from Baiyin Limited, which is equivalent to about 53.77% of the total issued share capital of the company on the date of this joint announcement. The total cash cost was approximately HK$102 million, equivalent to about HK$0.3428 per share to be sold.
Immediately after completion and as of the date of this joint announcement, the offeror and those acting in concert held a total of 53.77% interest in the company. According to Rule 26.1 of the Takeovers Code, the offeror must make an offer for all issued shares not owned or agreed to be acquired by the offeror and those acting in concert with them. HK$0.3428 per share is a discount of approximately 34.08% per share from the closing price of HK$0.52 per share as reported on the last trading day of the shares. The total value of the offer was approximately HK$87.8394 million.
Furthermore, the company has applied for the resumption of stock trading on the Stock Exchange starting at 9:00 a.m. on October 13, 2026.
As of the date of this joint announcement, Ms. Zhao Chuanrong and Mr. Chen Jixiang beneficially owned 62% and 38% of the total issued share capital of the offender, respectively. The offender is mainly engaged in investment holding. The offender is the principal shareholder of Maosheng Holdings Limited (a company listed on the main board of the Stock Exchange, stock code: 22).