Shell Electric (02381): Offeror completes acquisition of 70% of the company's shares

According to the Zhitong Finance App, Shell Electric (02381) and the offender Xingzhao Holdings Co., Ltd. jointly announced that the offender completed the acquisition of 1.4 billion shares of the company on September 8, 2026, equivalent to 70% of the total number of shares issued on the date of this joint announcement. The total cost is HK$154 million, equivalent to HK$0.11 per share sold. On behalf of the offeror, CITIC Lyon Securities will make an offer at the offer price of each offered share (i.e. HK$0.11 in cash, the same price per share sold) in accordance with Rule 26.1 of the Takeovers Code.