So Shu Fai offered to acquire remaining 25% stake in Hifood Group Holdings Co., Limited (SEHK:442) for HKD 66.8 million on October 8, 2021. Offer price is set to HKD 1.5 per share. Offeror intends to finance the maximum payment obligations payable for the Offer by its own internal resources. Special committee includes Mary Ang Mei Lee, Ting Tit Cheung, Chan Chi Kuen, Lo Chun Pong, Yau Pak Yue, Chung Wai Man and Ning Rui. The Offeror intends to maintain the listing of the Shares on the Stock Exchange after the close of the Offer. Board of Directors and independent committee of Hifood approved the transaction. Offer will close on November 26, 2021. M.N. Sabine of SOMERLEY CAPITAL LIMITED acted as financial advisor for So Shu. Lewis Lai of Red Sun Capital Limited acted as financial advisor for Independent committee.