On 24 April 2026, Shenzhen Chengtun Group Co., Ltd. ("Chengtun Group"), completed the cross-border acquisition of Rimbaco Group Global Limited (01953.HK, "Target Company") through its Cayman vehicle Aureole Halo Limited ("Offeror"). Pursuant to the share purchase agreement made with RBC Venture Limited, the Offeror acquired 945,000,000 shares in the Target Company, representing 75% of its issued share capital, for a total consideration of HK$157,500,000. Such share acquisition triggered the mandatory offer obligation under the Codes on Takeovers and Mergers and Share Buy-backs.
Grandall Shanghai has been retained as the special legal counsel and global lead counsel for this transaction, with Partners DONG Liang of Grandall Shanghai, Agnes WONG of Grandall Hong Kong, and Will FUNG of Grandall Malaysia, Lawyers PAN Yunzhe, CHEN Junye, CHEN Yongzhi, HUANG Xuebin and HUANG Shicheng as key members serving the case.