Success Seven Ltd. completed an offer for 5.31% of Asia Pacific Silk Road Investment Co. Ltd.'s entire shared capital.
Success Seven received valid acceptances of the offer with respect to 205,324,703 offer shares Jan. 2. Upon acceptance of the offer, Success Seven along with parties acting in concert with it, would hold an aggregate of 2,915,127,526 shares, representing about 75.32% of the entire issued share capital of the company.
The offer is part of Success Seven's takeover offer for Asia Pacific Silk Road. Huarong International Capital Ltd. had decided to exit from its investment in Asia Pacific Silk Road and transfer its stake to Success Seven, according to an Oct. 31, 2019, release. Success Seven offered 57.8 Hong Kong cents for every offer share.