Dentons Hong Kong advised Glory Mount (HK) Limited (as offeror) and Samson Holding Ltd. (0531.HK) (as offeree) on the privatisation of Samson Holding Ltd. by way of a scheme of arrangement. The transaction involved a rollover shareholder which will continue to hold the shares in Samson Holding Ltd. together with Glory Mount (HK) Limited after the privatization, and to that end an application for waiver of payment of cancellation price to the rollover shareholder was made. The consideration involved is approximately HK$422 million. The privatisation became effective on 4 November 2024.
Samson Holding Ltd., together with its subsidiaries, is principally engaged in manufacturing and sale of furniture, trading of furniture and procurement services, and has properties in the PRC, United States, Indonesia, Vietnam and Bangladesh.
Dentons Hong Kong team was led by capital market partner and head of corporate finance Gordon Ng, along with managing associate Mike Kwok, associate Kevin Lo and legal assistant Man Fung Yeung.
