MAXNERVA TECH (01037.HK): Appoints Ballas Capital as Independent Financial Adviser on Mandatory Conditional Cash Offer

NewTimeSpace News: On 17 September 2026, Maxnerva Technology Services Limited (stock code: 01037) announced that Ballas Capital Limited, a licensed corporation permitted under the Securities and Futures Ordinance to carry on Type 1 (dealing in securities) and Type 6 (advising on corporate finance) regulated activities, has been appointed as the independent financial adviser to advise the independent board committee on the mandatory conditional cash offer made jointly by the offeror, Foxconn (Far East) Limited, and the Company. The offer covers all issued shares of the Company, other than those already owned or agreed to be acquired by the offeror and its concert parties, and the cancellation of all outstanding share options of the Company.

Ballas Capital will advise the independent shareholders on whether the share offer is fair and reasonable and whether to accept it, and advise the option holders on its view of the option offer. The appointment was approved by the independent board committee in accordance with Rule 2.1 of the Takeovers Code. Ballas Capital's opinion letter on the offer and the independent board committee's recommendation letter will be included in the composite document to be jointly despatched to shareholders and option holders.

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