Cheng Ting Kong made a mandatory unconditional cash offer to acquire remaining stake in Sun International Group Limited (SEHK:8029) for HKD 84.9 million on August 30, 2021. Under the terms of transaction, offeror will purchase remaining shares at a purchase price of HKD 0.1 per offer share. Offeror intends to finance the entire consideration payable under the Offer partly through the shareholder?s loan provided by Cheng, which, in turn, is financed by Cheng?s own resource and partly by the Loan. Financial adviser to the Offeror, is satisfied that sufficient financial resources are available to the Offeror to satisfy the total consideration payable by the Offeror upon full acceptances of the Offer. In a separate transaction, Cheng Ting Kong entered into sale and purchase agreement to acquire 31.4% stake in Sun International Group Limited from First Cheer Holdings Limited for HKD 71.8 million. As of September 28, 2021, the deadline for the dispatch of the composite document has been extended to October 11, 2021. The offer acceptance period shall expire on November 1, 2021. Tricor Tengis Limited acted as registrar to Sun International Group Limited. Astrum Capital Management Limited acted as financial advisor for Independent Board Committee of Sun International Group Limited. Red Sun Capital acted as financial advisor for Offeror. Cheng Ting Kong completed the acquisition of 0.13% stake in Sun International Group Limited (SEHK:8029) for HKD 0.3 million on November 1, 2021. Immediately after the close of the Offer, and taking into account the valid acceptances in respect of 2.905 million Offer Shares, the Offeror and parties acting in concert with it are interested in an aggregate of 1437.91404 million Shares, representing approximately 62.95% of all the issued Shares. The Offer made by Red Sun Capital Limited for and on behalf of the Offeror was closed on November 1, 2021. The Offer has not been revised or extended.