Sina Hong Kong Extends Partial Cash Offer for Tian Ge Interactive After Securing Only 33% of Target Shares

Bulletin Express
Mar 30

Hong Kong – 30 March 2026 – Sina Hong Kong Limited has prolonged its conditional voluntary cash partial offer for Tian Ge Interactive Holdings after receiving acceptances for just 10.77 million shares—about 0.97% of Tian Ge’s issued share capital—by the initial 30 March deadline.

The offer, launched through financial adviser Yu Ming Investment Management, seeks up to 32.50 million Tian Ge shares not already owned by Sina Hong Kong and its concert parties. Prior to the offer period, the bidder held 300.00 million shares, equal to 27.04% of Tian Ge’s outstanding stock.

Key figures • Target shares: 32.50 million • Valid acceptances on first closing date: 10.77 million (≈33% of target; 0.97% of total shares) • Minimum acceptance condition: Full 32.50 million shares • Current Sina Hong Kong stake: 300.00 million shares (27.04%)

Because acceptances fell short of the minimum threshold, the offer condition remains unmet. To allow shareholders more time, Sina Hong Kong has extended the closing date to 4:00 p.m. on Monday, 13 April 2026—the first business day following the 60-day deadline stipulated by Hong Kong’s Takeovers Code.

Critical timetable (2026) • Extended Closing Date & latest time for acceptances: 13 Apr, 4:00 p.m. • Final deadline for offer to become unconditional: 13 Apr, 7:00 p.m. • If declared unconditional, offer remains open until at least 27 Apr, 4:00 p.m. • Payment for accepted shares due by 7 May; return of untaken shares also by 7 May. • Odd-lot matching services, if offer turns unconditional, will run 28 Apr–5 Jun.

Should the acceptance condition remain unfulfilled by 7:00 p.m. on 13 April, the offer will lapse in accordance with the Takeovers Code. Shareholders and potential investors are advised to exercise caution when dealing in Tian Ge securities.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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