Jujing Holdings (08450) received a premium of about 39.53% from Bao Ting Management and offered a full purchase offer to resume trading on October 16

According to the Zhitong Finance App, Jujing Holdings (08450) and the offender Baoting Management Co., Ltd. jointly announced that on October 8, 2024, the offender completed the acquisition of 560 million shares of the company's shares from Achiever Choice Limited, equivalent to 56.0% of the company's total issued share capital on the date of this joint announcement. The total cash cost was HK$33.6 million, or HK$0.06 per share sold.

Following completion, the offeror and those acting in concert held a total of 560 million shares, equivalent to 56.0% of the company's total issued share capital. Accordingly, the offender is required to make an offer in accordance with Rule 26.1 of the Takeovers Code for all issued shares that the offender and its concerted parties have not owned or agreed to buy. HK$0.06 in cash for each offered share is approximately 39.53% premium over the closing price of HK$0.0430 per share as reported on the Stock Exchange on October 7, 2024 (the last trading day). Based on a total of 440 million shares of the offer and the offer price of HK$0.06 per share of the offer, the maximum amount of cash payable by the offender to be paid for full acceptance of the offer is HK$26.4 million.

Furthermore, the company has applied for the resumption of stock trading on the Stock Exchange starting at 9:00 a.m. on October 16, 2024.