Yingde Holdings (08535) changed ownership with a discount of about 86.79% and offered a full purchase offer to resume trading on November 3

According to the Zhitong Finance App, Yingde Holdings (08535) and the offender, Mr. Zeng Kai, jointly announced that the offender had acquired 900 million shares from the seller (Success Step, Noble Capital and Legend Advanced) on October 15, 2026, accounting for 75.0% of the company's total issued share capital on the date of this joint announcement. The total cost was HK$28.5 million, equivalent to a sale of HK$317 per share.

Following completion and as of the date of this joint announcement, the Offeror Group held an interest in 900 million shares, accounting for 75.0% of the company's total issued share capital. According to Rule 26.1 of the Takeovers Code, Hongzhi Securities will make an unconditional mandatory cash offer for the acquisition of all issued shares (other than those already owned and/or consented to by the Offeror Group), at HK$0.0317 per share, at a discount of approximately 86.79% from the closing price of HK$0.24 per share reported on October 15, 2026 (the last trading day). The maximum price of the offer will be HK$9.51 million.

The company has applied to the Stock Exchange to resume share trading on the Stock Exchange starting at 9:00 a.m. on November 3, 2026.