Mandatory Unconditional Cash Offer for Rimbaco Group Global Limited – Clarification Announcement

Key Highlights from the Joint Announcement:

• Mandatory Unconditional Cash Offer:
  
  Aureole Halo Limited (“Offeror”) has launched a mandatory unconditional cash offer to acquire all the issued shares of Rimbaco Group Global Limited (“the Company”) that are not already owned or agreed to be acquired by the Offeror, its ultimate beneficial owners, or parties acting in concert with them.
• Offer Conducted Through:
  
  The offer is being conducted on behalf of Aureole Halo Limited by CMB International Capital Limited and CEB International Capital Corporation Limited.
• Clarification of Clerical Error:
  
  The companies have issued a clarification regarding a clerical error in the Chinese version of their joint announcement dated 24 April 2026. The error pertained to a specific paragraph on page 8. The correct figures should read: “(iv) 30 0.460 63.7%.” The English version had the correct information and remains unchanged.
• Responsibility and Accuracy:
  
  Both the Offeror (Aureole Halo Limited) and the Company (Rimbaco Group Global Limited), including their respective boards and ultimate beneficial owners, have accepted full responsibility for the accuracy of the information in this announcement.
• Directors and Beneficial Owners:
  
  The names and roles of the directors and ultimate beneficial owners for both the Offeror and the Vendor (the selling party) are clearly stated. The directors of Rimbaco Group Global Limited jointly and severally accept full responsibility for the information provided, except information relating solely to the Offeror and its owners, and the Vendor.

Details Investors Need to Know

• Potential Price Sensitivity:
  
  The announcement confirms a mandatory unconditional cash offer is underway. Such offers typically represent an exit opportunity for existing shareholders and can significantly impact share price as investors evaluate the offer terms and the potential change in control of the company.
• Rectification of Clerical Error:
  
  While the clarification relates only to the Chinese version of the previous joint announcement and does not affect the English version, it is important for investors who rely on the Chinese version to note the corrected figures. The correction ensures there is no misinformation regarding the offer statistics.
• Stability of Other Information:
  
  Except for the above clarification, all other information in the joint announcement remains unchanged, maintaining consistency for shareholders and investors.
• Due Diligence and Responsibility:
  
  The boards and beneficial owners have reiterated their commitment to accuracy and thoroughness, indicating comprehensive due diligence has been performed in the preparation of this announcement.

Potential Impact on Share Value

Mandatory unconditional cash offers are typically significant events for listed companies and can result in material changes to share price, especially if the offer price represents a premium (or discount) to the current trading price. Shareholders should closely review the terms of the offer (including the offer price per share and acceptance conditions) and monitor further announcements for updates or changes.

The clarification of a clerical error, while minor, is critical for transparency and ensures shareholders have accurate information, avoiding any confusion that might affect investment decisions.

Directors and Responsible Parties

• Offeror: Sole Director: Ms. Peng Weizhen; Ultimate Beneficial Owners: Mr. Yao, Ms. Yao, Mr. Chen.
• Vendor (Selling Party): Ultimate Beneficial Owners: Mr. Low Seah Sun, Ms. Seah Peet Hwah, Mr. Cheang Wye Keong, Mr. Lau Ah Cheng.
• Company (Rimbaco Group Global Limited): Chairman: Mr. Low Seah Sun; Executive Directors: Mr. Low Seah Sun, Mr. Low Wui Linn, Ms. Seah Peet Hwah, Mr. Cheang Wye Keong, Mr. Lau Ah Cheng; Non-Executive Director: Mr. Tong Kai Tak; Independent Non-Executive Directors: Mr. Ng Kok Seng, Mr. Wong Chi Wai, Ms. Yeo Chew Yen Mary.

Conclusion

This announcement represents a key development for Rimbaco Group Global Limited, with the ongoing mandatory unconditional cash offer likely to impact share price and ownership structure. The clarification provided ensures transparency and continued confidence in the offer process. Shareholders are advised to monitor further updates from the Company and the Offeror.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should consult their financial advisers and review all official documents and announcements before making any investment decisions. The accuracy of the above summary is based on the official joint announcement. No liability is accepted for any errors or omissions.

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