Tian Ge Interactive (01980) receives a full acquisition offer from the founder's spouse. Resumes trading on November 20th.

date
20/11/2025
Zhongtong Finance APP News, Tenge Interactive (01980) and the offeror Truesense Trading Limited jointly announced that on October 28, 2025, the offeror will acquire shares in the secondary market (i.e. 20 million shares, accounting for approximately 1.80% of the total number of issued shares of the company as of the date of this joint announcement). The total consideration for the acquisition is 135.9787 million Hong Kong dollars. The highest and average prices per share for the acquisition are 0.68 Hong Kong dollars and approximately 0.6799 Hong Kong dollars, respectively. Following the acquisition, the offeror and its concert parties (including Mr. Fu Zhengjun's direct and deemed interests in the shares, but excluding Sina's interests in the shares) collectively hold interests in approximately 351 million shares of the company (accounting for approximately 31.63% of the total issued share capital of the company). In accordance with Rule 26.1 of the Takeover Code, following the acquisition, the offeror must make a mandatory unconditional cash offer for all issued shares (excluding the shares already owned or to be acquired by the offeror, Ms. Hong Yan, Mr. Fu Zhengjun, and Blueberry Worldwide). The cash offer for each share is 0.68 Hong Kong dollars. The company has applied to the Stock Exchange for resumption of trading of shares on November 20, 2025 at 9:00 am.