Wade Investment Offers 34.67% Premium for HSSP INTL Shares

HSSP INTL, a publicly traded company, announced on March 28, 2025, that it has received a takeover offer from Wade Investment SPC Ltd. The offer involves the acquisition of 1.38 billion shares, representing 75% of the total issued shares, at a price of HKD 1.95 billion, or approximately HKD 1.413 per share. This acquisition represents a significant premium of approximately 34.67% over the current market price.

The takeover offer is a mandatory, unconditional cash offer, excluding the shares already held by the acquiring entity. The offer price of HKD 1.414 per share is intended to provide a substantial return to the shareholders of HSSP INTL. The company has stated that it will continue to operate its existing business without any immediate plans to inject new assets or businesses or to engage in any acquisitions or disposals.

Following the completion of the acquisition, Wade Investment SPC Ltd. will make a mandatory, unconditional cash offer for all remaining issued shares, excluding those already held by the acquiring entity and its affiliates. The company has applied to the stock exchange to resume trading of its shares starting from March 31, 2025.

This acquisition by Wade Investment SPC Ltd. is a strategic move that aims to consolidate its position in the market. The premium offered reflects the acquiring entity's confidence in the future prospects of HSSP INTL and its commitment to providing a fair return to its shareholders. The acquisition is expected to have a significant impact on the operations and strategic direction of HSSP INTL. With Wade Investment SPC Ltd. at the helm, the company is poised to benefit from the acquiring entity's expertise and resources, which could lead to enhanced operational efficiency and growth opportunities. The shareholders of HSSP INTL can expect to receive a substantial return on their investment, while the acquiring entity gains a strategic asset that aligns with its long-term objectives.