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Jinyong Investment (01328) redeemed 5.06 million TechStar shares with a total redemption price of HK$569.25 million

Zhitongcaijing·12/10/2025 15:09:05
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According to Zhitong Finance App News, Jinyong Investment (01328) announced that on December 10, 2025, after the completion of the merger and acquisition transaction of the special purpose acquisition company, all 5.06 million TechStar shares held by Redpine Elite, a wholly-owned subsidiary of the company (equivalent to about 5.05% of the total number of TechStar shares issued immediately before the redemption event) have been redeemed, involving a total cash redemption price of HK$56.925 million. The redemption price for each TechStar share is HK$11.25.

Following the redemption and completion of the merger and acquisition of the company for a special purpose, the Group no longer holds any TechStar shares.