Horizon Heights launches cash offer for IDT International at HK$ 0.59 a share

• Horizon Heights launched a mandatory cash offer for all IDT International shares it does not already own at HK$ 0.59 each.
• The offer follows Horizon Heights gaining control via a June 13 deal that lifted its stake to 312,603,420 shares, or 60.12%.
• IDT has 519,984,181 shares outstanding, implying an equity value of about HK$ 308.9 million at the offer price.
• Up to 207,380,761 shares are covered, valuing the offer at about HK$ 123.2 million.
• The offer opened Aug. 28, 2026, with acceptances due by 4:00 p.m. Hong Kong time on Sept. 18, 2026.

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. IDT International Limited published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260828-12303643), on August 27, 2026, and is solely responsible for the information contained therein.