Ma Xiaoqiu made an offer to acquire remaining 49.72% stake in Carry Wealth Holdings Limited (SEHK:643) from Li Haifeng for HKD 97.21 million on September 30, 2022. The offer per share is HKD 0.239 for 406,752,017 shares. Ma Xiaoqiu will finance and satisfy the maximum consideration payable under the Offer by internal resources.

Ma Xiaoqiu already acquired 50.28% stake on September 30, 2022. As of November 18, 2022, The offer will commence on November 18, 2022 and will close on December 9, 2022. Expected completion date of the transaction has been extended to December 20, 2022.

The transaction is expected to close on January 6, 2022. VBG Capital Limited acted as financial advisor to Ma Xiaoqiu. Essence Corporate Finance (Hong Kong) Limited acted as financial advisor to Carry Wealth and VBG Capital Limited acted as financial advisor and Tricor Abacus Ltd. acted as registrar to Ma Xiaoqiu.