Huarui Fengquan Development’s offer to buy all issued shares of canmaker CPMC Holdings, on behalf of ORG Technology, became unconditional on 8 January 2025.

The bid, led by the owner of Chinese canmaker ORG Technology, was cleared by the Hong Kong Stock Exchange (HKSE) last month.

The offer remains open for acceptance until 4pm on 22 January 2025, when further updates on the offer results will be announced by HKSE.

Both companies first signed a strategic cooperation agreement back in 2017 when ORG Packaging took a 27% shareholding in CPMC Holdings. Both parties agreed to a three-year extension to the deal in 2020.

The acquisition this month will make ORG Packaging China’s largest canmaker.