Kwok made an offer to acquire additional stake of 53% in Golden Ponder Holdings Limited (SEHK:1783) for approximately HKD 140 million on November 23, 2022. The offer price of deal is HKD 0.28. The Independent Board Committee, comprising all three independent non-executive Directors, namely Hau Wing Shing Vincent, Wan Simon and Zhang Jue make a recommendation to the Offer Shareholders as to whether the terms of the Offer are fair and reasonable and as to acceptance of the Offer. The Offeror intends to finance such amount by the standby facility granted by Get Nice Securities. The offer will expected to close on January 11, 2023. Somerley Capital Limited and Get Nice Capital Limited acted as financial advisor to Kwok. Tricor Investor Services Limited acted as Registrar and Veda Capital Limited acted as financial advisor to Golden Ponder Holdings Limited.

Kwok completed the acquisition of an additional 8.54% stake in Golden Ponder Holdings Limited (SEHK:1783) for HKD 22.64 million on January 11, 2023.