Howkingtech International's (HKG:2440) controlling shareholder Howkingtech Holding and other shareholders have completed the disposal of 157,755,400, or 70.11%, shares in the company to Home Office Development for HK$140.2 million, a Monday bourse filing said.
Lego Securities, on behalf of Home Office Development, will make the mandatory unconditional offer to acquire all remaining shares in the company.
An unconditional mandatory cash offer will also be made by Lego Securities for the cancellation of any outstanding share options granted by the firm under its share option scheme approved Nov. 11, 2022.
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