Century United Holdings (01959) changed ownership with a discount of about 66.78% and offered a full purchase offer to resume trading on December 17

According to Zhitong Finance App, Century United Holdings (01959) and the offender MSINT LTD jointly announced that on December 11, 2025, the offender completed the acquisition of about 377 million shares from Chongjie Co., Ltd. and Mr. Luo Houjie, accounting for about 71.12% of the company's total issued share capital at the date of this joint announcement. The total cash cost was approximately HK$153 million, or HK$0.405 per share sold.

Following completion and on the date of this Joint Announcement, the Offeror, Mr. Mo Ming-tung, and any of their concerted actors held interests in a total of approximately 377 million shares, accounting for approximately 71.21% of the Company's total issued share capital at the date of this Joint Announcement, and have become controlling shareholders. According to Rule 26.1 of the Takeovers Code, the offeror is required to make a mandatory unconditional cash offer for all issued shares (other than shares already owned or agreed to be acquired by the offeror and those acting in concert with him). HK$0.94 in cash for each offered share, a discount of approximately 66.78% per share from the closing price of HK$2.83 per share as reported on December 11, 2025 (the last trading day). The company has applied to the Stock Exchange to resume trading of shares on the Stock Exchange starting at 9:00 a.m. on December 17, 2025.

As of the date of this joint announcement, the offenders are Mr. Mo Mingdong and Mr. Ng Yiu Ming, who own 99% and 1% respectively. Both are professional investors. Mr. Mo Mingdong is the sole director of the offender.