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news 2024
Recent Completed
Unconditional Mandatory Cash Offer
– Indigo Star Holdings Limited
19 April 2024
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We are honoured to have acted as the independent professional valuer for Indigo Star Holdings Limited (8373.hk) for the properties held by the group in Singapore in relation to the unconditional mandatory cash offer by Astrum Capital Management Limited and Red Sun Capital Limited for and on behalf of Splendor Investment Limited to acquire the shares of Indigo Star Holdings Limited in accordance with the Takeovers Code. Ravia’s property valuation report for the properties was appended in the composite document jointly issued by Splendor Investment Limited and Indigo Star Holdings Limited today.
Indigo Star Holdings Limited is principally engaged in the provision of reinforced concrete works including steel reinforcement works, formwork erection, concrete works, trading in ceramic tiles and as contractors for building related to ceramic tiles in Singapore.
Details of the unconditional mandatory cash offer:
https://www1.hkexnews.hk/listedco/listconews/gem/2024/0419/2024041900017.pdf
We are honoured to have acted as the independent professional valuer for Glory Sun Land Group Limited (299.hk) in respect of its very substantial disposal transaction. Ravia’s property valuation report for the properties in connection with the very substantial disposal transaction was appended in the circular published today.
Glory Sun Land Group Limited and its subsidiaries are principally engaged in (i)property investment and development; (ii)cultural sports and entertainment business; and (iii)trading of commodities and home appliances and building materials in the PRC.
Details of the very substantial disposal:
https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0229/2024022901459.pdf
Recent Completed
Very Substantial Disposal – Glory Sun Land Group Limited
29 February 2024
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Recent Completed
Conditional Voluntary Cash Partial Offer
– Grand Field Group Holdings Limited
29 February 2024
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We are honoured to have acted as the independent professional valuer for Grand Field Group Holdings Limited (115.hk) for the properties held by the group in the People’s Republic of China in relation to the voluntary conditional partial cash offer by Halcyon Securities for and on behalf of the Rhenfield Development Corp. to acquire the shares of Grand Field Group Holdings Limited in accordance with the Takeovers Code. Ravia’s property valuation report for the properties was appended in composite offer document jointly issued by the Rhenfield Development Corp. and Grand Field Group Holdings Limited today.
Grand Field Group Holdings Limited’s principal activities are investment holding, property development, property investment, hotel operation and general trading.
Details of the conditional voluntary cash partial offer:
https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0229/2024022900132.pdf
Recent Completed
Major Acquisition – Multifield International Holdings
23 February 2024
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We are honoured to have acted as the independent professional valuer for Multifield International Holdings Limited (898.hk) in respect of its major transaction involving acquisition of land development rights in a property located in Malaysia (the “Property”). Ravia’s property valuation report for the Property was appended in the circular published today.
Multifield International Holdings Limited and its subsidiaries (the “Group”) are principally engaged in property development, property investment, provision of serviced apartments and villas and property management services, trading of securities and investment holding. The Group also focuses on the business of property development which involves purchase of land and developing properties for lease and/or sale.
According to the circular of the company, the development project of the Property will further strengthen and promote the Group’s development in Malaysia and benefit the Group’s property development and property investment business.
Details of the major acquisition:
https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0223/2024022300391.pdf
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