Liaoning Shihua Property Development Company Limited made an offer to acquire 47.9% stake in Starlight International Holdings Limited for approximately HKD 160 million.
An Independent Board Committee of Starlight International Holdings comprising the non executive Director namely Peter Hon Sheung Tin and all the independent non-executive Directors, namely Chan Chak Chung, Chuck Winston Calptor and Tang Yee Man has been established for the deal. Kingston Corporate Finance Limited, Nicholas Chu of Kingston Securities Limited and Ample Capital Limited acted as financial advisors to Liaoning Shihua Group Company Limited. Brian Lee of GF Capital (Hong Kong) Limited acted as financial advisor to Starlight International Holdings Limited. Arthur Kan of Fulbright Capital Limited acted as financial advisor to Starlight International Holdings' Independent Board Committee and the independent shareholders. Tricor Secretaries Limited acted as registrar to Starlight International. Deloitte Touche Tohmatsu Hong Kong SAR acted as an accountant to Starlight International Holdings.