Shun Lung Holdings (00361) will change ownership of its controlling stake and plans to receive a discount of approximately 33% to complete the takeover offer.

Zhitong Finance and Economics APP News, Shunlong Holdings (00361) and the offeror DoThink Investment Limited jointly announced that on September 23, 2025, the offeror intends to acquire 2.6012 billion shares (equivalent to approximately 50.011% of the company's total issued share capital as at the date of this joint announcement) from the offeree at a total cash price of approximately HK$74.67985 million (equivalent to approximately HK$0.029 per share per share); and the company has issued convertible bonds with a total principal amount of HK$74.10 million (convertible at a conversion price of HK$0.114 (adjustable according to the terms and conditions of the convertible bonds) into 650 million shares), the cash price is HK$18.66135 million (equivalent to approximately HK$0.029 per share per share). The total price is approximately HK$93.3412 million.