KFM KINGDOM (03816.HK): Appoints Quam Capital as Independent Financial Adviser
- Quam Capital Limited is a corporation licensed to carry out type 1 (dealing in securities) and type 6 (advising on corporate finance) regulated activities under the SFO.
- The Subscriptions are subject to the fulfilment or waiver (if applicable) of certain conditions precedent, while the Offer will only be made after SPA Completion, which is subject to conditions including completion of the Luxshare Subscription Agreement.
NewTimeSpace News: On 7 October 2026, KFM Kingdom Holdings Limited (stock code: 03816) announced that Quam Capital Limited, a corporation licensed to carry out type 1 (dealing in securities) and type 6 (advising on corporate finance) regulated activities under the SFO, has been appointed as the Independent Financial Adviser to advise the Independent Board Committee and the Independent Shareholders on the Luxshare Subscription Agreement and the transactions contemplated thereunder, and to advise the Independent Board Committee and the Offer Shareholders on the Offer. The appointment has been approved by the Independent Board Committee pursuant to Chapter 14A of the Listing Rules and Rule 2.1 of the Takeovers Code.
The announcement noted that the Subscriptions are subject to the fulfilment or waiver (if applicable) of certain conditions precedent and may or may not proceed, and that the Offer will only be made after SPA Completion, which is subject to a number of conditions including completion of the Luxshare Subscription Agreement, so the Offer may or may not proceed. The Independent Board Committee has yet to consider and evaluate the Offer and the Directors make no recommendation as to its fairness or reasonableness or as to acceptance of the Offer; the recommendation of the Independent Board Committee and the advice of the Independent Financial Adviser will be included in the circular and the Composite Document to be despatched to Shareholders respectively.
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