Goodbaby International gets privatization offer from chairman at 39% premium
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Goodbaby International Holdings Limited (01086) and offeror Crystal Aurora International Ltd. jointly announced on September 27, 2026, that the offeror has requested the board to propose a privatization plan to scheme shareholders. If approved and implemented, the plan would result in the company's privatization and delisting from the Hong Kong Stock Exchange. Under the proposal, scheme shares will be canceled, and each scheme shareholder will receive a cash cancellation price of HKD 1.50 per share, representing a premium of approximately 38.89% over the last closing price of HKD 1.08 per share. The maximum cash consideration payable by the offeror under the proposal and share option offer is approximately HKD 13.22 billion. The offeror is wholly owned by Mr. Song Zhenghuan, who is the company's chairman, executive director, and founder with over 30 years of experience in the children's products industry.
Source report
Hong Kong – Goodbaby International Holdings Limited (01086) and the offeror, Crystal Aurora International Ltd., jointly announced that on September 27, 2026, the offeror requested the Board to propose to the scheme shareholders a privatization plan. If approved and implemented, the proposal would result in the company's privatization and the withdrawal of its shares from listing on the Stock Exchange of Hong Kong. The proposal will be implemented by way of a scheme of arrangement.
Key Terms of the Proposal
- Cancellation Price: Each scheme share to be cancelled and removed will entitle the holder to a cash cancellation price of HK$1.50 per share.
- Premium: This represents a premium of approximately 38.89% over the closing price of HK$1.08 per share on the last trading day on the Stock Exchange.
- Maximum Cash Consideration: The total maximum cash consideration payable by the offeror under the proposal and the share option offer will be approximately HK$1.322 billion (assuming all holders of outstanding options exercise their options to become scheme shareholders before the record date).
About the Offeror
As of the announcement date, the offeror is wholly owned by Mr. Song Zhenghuan. Mr. Song serves as the Chairman and Executive Director of the company, responsible for the effective operation of the Board and the strategic leadership of the Group's business. He previously served as the company's Chief Executive Officer from November 24, 2010, to January 15, 2016. Mr. Song is the founder of the Group and has over 30 years of experience in the children's products industry.
Source
智通财经Neutral / independent
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Goodbaby International Chairman Proposes Privatization at 38.89% Premium