Vesync (HKG:2148) said an antitrust condition related to a takeover offer for the company by Victory III had been fulfilled, a filing with the Hong Kong bourse on Tuesday said.
The condition pertains to an antitrust review in the US under the United States Hart-Scott-Rodino Antitrust Improvements Act of 1976.
The waiting period applicable to the scheme expired on Jan. 27 without any requests for further review by the US Federal Trade Commission or the Department of Justice.
In December 2024, Victory III launched a proposal to privatize the smart home device marketplace through a scheme of arrangement.
If the privatization is completed, the company will become a wholly-owned unit of Victory III, and it will be delisted from the Hong Kong bourse.
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