M&E Company Listed on HKEX Main Board For Sale

The Publicly listed entity on the Main Board of the Hong Kong Exchange is a holding company which owns a Design and Build mechanical and electrical (“M&E”) engineering company operating in Singapore for almost 40 years. The company currently has a backlog order of more than SGD500 million to be delivered over the next 6 years.

The Holding Company listed on HKEX is authorized to issued 10,000,000,000 ordinary shares and has a current outstanding of 915,600,000 shares. The founder is in his late 60s and is looking to cash out and retire. He hold about 58% of the total outstanding shares and is looking to liquidate them at SGD145,000,000. However, this will trigger the Rule 26 of the HKEx code of merger and acquisition for a General Offer of about SGD250,000,000 to acquire 100% of the shares going into the take private scenario. There are also ways that we may be able to assist the holding company to remain as a public entity. This business is only for the serious buyers or those who have access to serious buyers as we will need to have an NDA and Proof of Funds before further disclosure.