Kiehao Holdings (00064) was privatized by the chairman and resumed trading on July 20

According to the Zhitong Finance App, Qiao Hao Holdings (00064) and the offender Honeylink Agents Limited jointly announced that on June 25, 2026, the offeror requested the board of directors to submit proposals to the planned shareholders to privatize the company through planning arrangements in accordance with section 86 of the Company Law. The plan will involve cancelling the planned shares, and in return, paying the plan shareholders the total price of each cancelled plan share in cash and the cancellation of the listing status of the shares on the Stock Exchange. The company has applied to the Stock Exchange to resume trading on the Stock Exchange at 9:00 a.m. on July 20, 2026.

If the proposal is approved and implemented, all plan shares held by the plan shareholders will be cancelled and eliminated on the effective date at the cost of paying a total price of HK$4.00 for each cancelled plan share, including (i) the cancellation price of HK$2.00 per plan share, which will be paid in cash by the offeror; and (ii) a special dividend of HK$2.00 per share, which will be paid in cash by the company. The cancellation price is about 41.2% off the closing price of HK$3.40 per share reported on the Stock Exchange on the last trading day, and the total price is about 17.6% premium over the closing price of HK$3.40 per share reported on the last trading day. The maximum total cash cost payable to plan shareholders under the proposal would be approximately HK$1,195 million.

According to reports, the offender is wholly owned by Mr. Hong Hanwen. Mr. Hong Hanwen is the chairman of the company's board of directors, executive director and founder of the group. He is responsible for formulating the Group's corporate strategy and future development direction. Mr. Hong Hanwen is also responsible for overseeing the Group's money lending and credit operations, property development and investment. He has over 31 years of experience in the securities and real estate industry in Hong Kong and Taiwan.