Dec 03, 2021 06:39 AM

BUSINESS

Razer Founder’s Group Offers $1.38 Billion Buyout

By Wei Yiyang and Denise Jia

Razer CEO Tan Min-Liang and nonexecutive director Lim Kaling strike a gong during the company’s listing ceremony at the Hong Kong Stock Exchange Nov. 13, 2017.

Razer CEO Tan Min-Liang and nonexecutive director Lim Kaling strike a gong during the company’s listing ceremony at the Hong Kong Stock Exchange Nov. 13, 2017.

A group led by executives of Singapore gaming hardware maker Razer Inc. proposed to take the Hong Kong-traded company private, the company said Thursday.

Founder, Chairman and CEO Tan Min-Liang and nonexecutive director Lim Kaling, who together own around 57% of the company, teamed with private equity firm CVC Capital Partners to offer as much as HK$10.79 billion ($1.38 billion) for the remaining shares, according to a regulatory filing.

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