HFW advises World Nexus Holdings on its HK$95.15m acquisition of a controlling stake in Thelloy Development Group

Global, sector‑focused law firm HFW has advised World Nexus Holdings Limited on its HK$95.15 million acquisition of a majority stake in Thelloy Development Group Limited, a construction and engineering services company listed on the Main Board of the Hong Kong Stock Exchange.

World Nexus Holdings – a British Virgin Islands‑incorporated investment vehicle – acquired 62.6% of Thelloy Development Group’s issued shares from the company’s controlling shareholder. The shares were purchased at HK$0.19 per share, with completion taking place on 12 February 2026.

Following completion, and in accordance with the Hong Kong Takeovers Code, World Nexus Holdings will make a mandatory unconditional cash offer for all remaining issued shares of Thelloy Development Group not already owned or agreed to be acquired by World Nexus and its concert parties.

The HFW team advising World Nexus was led by Hong Kong Capital Markets Partner Wing Cheung, supported by Senior Associate Max Hui, Associate Joey Sze, and Consultant Roger Wong.