16 Jun 2023

Stevenson, Wong and Co. advises Million Treasure International Holdings Limited in its general offer to acquire GT Steel Construction Group Limited (8402.HK)

Posted by Editor

Stevenson, Wong & Co. advised Million Treasure International Holdings Limited (the “Offeror”) in relation to (i) the acquisition (the “Acquisition”) of 69.12% of the entire issued share capital of GT Steel Construction Group Limited ( “GT Steel”) and 66,358,999 warrants issued by GT Steel at a total cash consideration of approximately HK$76 million (the “Consideration”); and (ii) the unconditional mandatory cash offers to acquire all the issued shares and outstanding warrants of GT Steel (the “Offers”). The entire issued share capital of GT Steel was valued at approximately HK$110 million.

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