Soundwill Holdings Ltd Announces Proposed Privatisation
Hong Kong, April 29, 2025 — Soundwill Holdings Limited, a prominent real estate company listed on the Hong Kong Stock Exchange, has announced a series of significant corporate actions related to a proposed privatization. The company, known for its development, trading, investment, and management of properties in Hong Kong, as well as its involvement in urban infrastructure projects, is moving towards a privatization scheme.
Key Developments:
Joint Announcement: On April 29, 2025, Soundwill Holdings Ltd released a joint announcement regarding the dispatch of the scheme document. This document outlines the proposed privatization by the offeror under a scheme of arrangement, as per Section 99 of the Companies Ordinance.
Notification to Shareholders: The company has sent out notification letters to both registered and non-registered shareholders. These letters include request forms for non-registered holders and reply forms for registered shareholders, ensuring all parties are informed and can participate in the decision-making process.
Special General Meeting: A notice of a special general meeting has been issued, scheduled for May 23, 2025. This meeting will discuss the proposed privatization and related matters.
Court Meetings: Two court meetings have been announced. The first is a court meeting to be held at 11:00 AM, for which a pink form of proxy has been issued. The second is a special general meeting for which a white form of proxy is available.
Company Overview:
Soundwill Holdings Limited, with a market capitalization of approximately 2.28 billion HKD, has been a key player in Hong Kong’s real estate sector since its IPO on March 21, 1997. The company’s stock closed at 8.06 HKD on April 27, 2025, with a 52-week high of 8.19 HKD and a low of 5.11 HKD.
For more detailed information, stakeholders are encouraged to visit the company’s website at www.soundwill.com.hk .
These developments mark a pivotal moment for Soundwill Holdings Ltd as it considers transitioning from a publicly traded entity to a privately held company.