RazerShares plunged by more than 8 percent Thursday, after Tan Min-Liang’s consortium offered to buy the Hong Kong-listed gaming company.

CVC Capital Partners is also in the consortium and has offered to make a payment of up to 10.79 trillion Hong Kong dollars (1.38 billion) for all outstanding shares. according to a regulatory filing.

The group will buy these shares as part of the agreement at 2.82 Hong Kong Dollars apiece, which represents a 5.6% increase based upon Razer’s Wednesday closing price.

According to company spokespersons, the current offer price was final and would not be increased.

Razer makes gaming products, including laptops and peripherals. went public in 2017With an initial public offer price of 3.88 Hong Kong Dollars per share

Stock traded briefly above 4 Hong Kong dollar, but did not hold that price for long.

Razer stated in its regulatory filing that the shares have suffered from low investor participation and low liquidity for a long time.

Razer was founded in 2005 and is located in Irvine, California. However, it also has regional headquarters in Shanghai (Singapore) and Hamburg (Germany).

Credit Suisse serves as financial advisor to the transaction.