Offerors plan HK$0.06-per-share CPM offer after CNT takeover clears condition

PUBT·04/21/2026 14:18:48

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Prime Surplus bought 88,723,592 CNT shares on April 10 at HKD 0.1 per share, lifting offeror concert-party stake to 654,464,818 shares, or 34.4%.
Yu Ming is set to launch a cash offer for CNT at HKD 0.1 per share, valuing CNT at about HKD 190.4 million.
If CNT offer becomes unconditional, Yu Ming would make cash offers for CPM at HKD 0.0562 per share, implying a maximum payout of up to HKD 16.9 million including exercised options.
Offer also includes cancellation price of HKD 0.0001 per CPM share option, covering 60,000,000 outstanding options.
Trading in CNT and CPM shares is scheduled to resume April 22 at 9:00 a.m. Hong Kong time.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CPM Group Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260421-12114588), on April 21, 2026, and is solely responsible for the information contained therein.

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