Hong Kong/China M&A/Events

Hong Kong/China M&A/Events

ANE (9956 HK): Centurium/Temasek's Clean Offer

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Quiddity Research
Oct 30, 2025
∙ Paid
  • After ANE Cayman Inc (9956 HK), a road freight transportation play, was suspended pursuant to the Takeovers Code, an Offer from PE outfit Centurium Partners, a pre-IPO investor, was expected.

  • And this is what unfolded. Centurium, together with Temasek and Singapore-based asset manager True Light, are offering HK$12.18/share (best & final) via a Scheme, a 48.54% premium to undisturbed.

  • A scrip alternative is present (mix & match). This is a pre-conditional Offer: it requires SAMR signing off. The FA is JPM. This should help smooth over the reg process.

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