Goodbaby International Gets Privatization Offer from Chairman at ~39% Premium
Editorial responsibility
- No named human review is recorded for this page.
- Source reporting is collected, normalized, translated or condensed automatically when needed.
- Automatically published source-backed update
Goodbaby International Holdings Limited (stock code: 01086) and the offeror, Crystal Aurora International Ltd., jointly announced on September 27, 2026, that the offeror has requested the board to propose a privatization plan to 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, plan shareholders would receive a cash cancellation price of 1.50 Hong Kong dollars per share, representing a premium of approximately 38.89% over the last trading day's closing price of 1.08 Hong Kong dollars. The maximum cash consideration payable by the offeror is approximately 1.322 billion Hong Kong dollars. The offeror is wholly owned by Mr. Song Zhenghuan, the company's chairman, executive director, and founder, who has over 30 years of experience in the children's products industry.
Source report
Goodbaby International Holdings Limited (Stock Code: 01086) and the offeror, Crystal Aurora International Ltd., have jointly announced that on September 27, 2026, the offeror requested the board of directors to propose a scheme to the scheme shareholders. If approved and implemented, the proposal would result in the privatization of the company 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.
Key Terms of the Proposal
- Under the proposal, scheme shares will be cancelled and removed.
- In consideration, each scheme shareholder will be entitled to receive a cash cancellation price of HK$1.50 per scheme share cancelled and removed.
- A share option offer will also be made.
- The cancellation price represents a premium of approximately 38.89% over the closing price of HK$1.08 per share as quoted on the Stock Exchange on the last trading day.
- Based on the proposal and the share option offer, the maximum cash consideration payable by the offeror will be approximately HK$1.322 billion (assuming all holders of outstanding share 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 Chief Executive Officer of the company 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.
Editor: Lu Yujun
Source
新浪港股Eastern
Part of this Story
Goodbaby International Chairman Proposes Privatization at 38.89% Premium