お知らせ • Feb 20
Jingfeng Holding Limited completed the acquisition of 70.96% stake in Greatview Aseptic Packaging Company Limited (SEHK:468) from Foxing Development Limited, Goldmap Investments Limited and others for approximately HKD 2.6 billion.
Jingfeng Holding Limited made an offer to acquire 73.2% stake in Greatview Aseptic Packaging Company Limited (SEHK:468) from Foxing Development Limited, Goldmap Investments Limited and others for HKD 2.7 billion on May 9, 2024. The offer is hostile in nature and not welcomed by executive management. The Offeror intends to finance the cash required for the Offer by the Offer Facility which will be secured by, among others, the Share Charges. Greatview Aseptic Packaging Company Limited has also appointed Independent Board Committee. The transaction has already been approved by Shandong Xinjufeng Technology Packaging's board of director's. The deal is still conditional on SAMR Approval. As of November 19, 2024 Shandong NewJF has received a notification from the SAMR, and the merger control filing with the Anti-trust Bureau of SAMR in respect of the Offer has been completed. As on December 20, 2024 all the Pre-Conditions have been satisfied. As of December 24, 2024 The Offer is made on Tuesday, 24 December 2024, being the date of this Offer Document, and is open for acceptance on and from that date until 4: 00 p.m. on the First Closing Date, being Tuesday, 21 January 2025, unless the Offeror revises or extends the Offer in accordance with the Takeovers Code. As per the announcement dated January 20, 2025 Independent shareholders recommends not to accept the hostile offer. As of January 21, 2025, Jingfeng Holding Limited received valid acceptance for 46.71% stake in Greatview Aseptic Packaging Company Limited. Also, the offer has become unconditional in all respects. As of February 4, 2025, valid acceptances of the Offer had been received in respect of 936,385,790 Shares (the ‘‘Acceptance Shares’’), representing approximately 66.55% of the issued Shares as at the date of this announcement. Upon the completion of the transfer of the Acceptance Shares to the Offeror, the Offeror and the Offeror Concert Parties will hold an aggregate of 1,313,518,374 Shares, representing approximately 93.35% of the issued Shares as at the date of this announcement. the Offer will remain open for acceptance until 4: 00 p.m. on Tuesday, February 18, 2025.
Ding Ding and Yang Piao of China International Capital Corporation and Ccb International Capital Limited acted as Financial advisor to Shandong Xinjufeng Technology Packaging. Zhou Ning and Fan Lingli of King & Wood Mallesons, China acted as legal advisors to Jingfeng Holding. Ji Yuhong, Yang Jinfang, and Sun Danyang of RSM China CPA LLP acted as accountant to Jingfeng Holding. Anglo Chinese Corporate Finance, Limited is acting as the financial advisor to advise the Board of Greatview Aseptic Packaging Company Limited.
Jingfeng Holding Limited completed the acquisition of 70.96% stake in Greatview Aseptic Packaging Company Limited (SEHK:468) from Foxing Development Limited, Goldmap Investments Limited and others for approximately HKD 2.6 billion on February 18, 2025. A valid acceptances of the Offer had been received in respect of 998,542,911 Shares, representing approximately 70.96% of the issued Shares as at the date of this announcement. Upon the completion of the transfer of the Acceptance Shares to the Offeror, the Offeror and the Offeror Concert Parties will hold an aggregate of 1,375,675,495 Shares, representing approximately 97.76% of the issued Shares as at the date of this announcement. The Offeror announces that the Offer closed on 18 February 2025 and is not revised or extended. Immediately after the close of the Offer and subject to the completion of the transfer of Acceptance Shares to the Offeror, the Offeror will hold approximately 97.76% of the issued Shares as at the date of this announcement. As set out in the Offer Document, the sole director of the Offeror will take appropriate steps to ensure that sufficient public float exists in the Shares as soon as possible following the close of the Offer.