Kirkland Represents Skyworth Group on Share Buy-Back Offer and Potential Very Substantial Acquisition

Kirkland & Ellis advised Skyworth Group Limited (HKSE: 00751) on its HK$380 million voluntary conditional cash offer to buy-back a maximum of 100 million shares at HK$3.80 per share, representing approximately 3.87% of Skyworth Group’s total issued share capital. The offer is subject to, among other things, approvals by the independent shareholders of Skyworth Group. Depending on the acceptance level of the offer, the offer may also trigger a mandatory general offer for the shares of Skyworth Digital Co., Ltd., an existing subsidiary of Skyworth Group whose shares are listed on the Shenzhen Stock Exchange (SZSE: 000810). The potential mandatory general offer may constitute a very substantial acquisition under the Hong Kong Listing Rules for Skyworth Group.

Read Skyworth Group’s announcement

The Kirkland team was led by transactional partner Joey Chau with support from transactional associate Sherry Fu.