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BRIEF-KNK Holdings Says On 2 June Emperor Securities Exercised Rights Under KY Margin Financing Agreement

reuters.com · 06/09/2022 11:19
BRIEF-KNK Holdings Says On 2 June Emperor Securities Exercised Rights Under KY Margin Financing Agreement

- KNK Holdings Ltd 8039.HK:

  • ON 2 JUNE, EMPEROR SECURITIES EXERCISED RIGHTS UNDER KY MARGIN FINANCING AGREEMENT AND AGREED KY TRANSFER OF 69 MILLION SHARES

  • ON 2 JUNE, EMPEROR SECURITIES TRANSFERRED 39.51% STAKE OF CO TO NEW ENERGY BUSINESS CLUSTER CO

  • EMPEROR SECURITIES AGREED KY TRANSFER AT TOTAL CONSIDERATION OF HK$13.8 MILLION

  • POST TRANSFER, OFFEROR INTERESTED IN ABOUT 53.51% OF ENTIRE ISSUED SHARE CAPITAL OF CO

  • MANDATORY UNCONDITIONAL CASH OFFER TO BE MADE BY EMPEROR CAPITAL ON BEHALF OF NEW ENERGY BUSINESS CLUSTER CO

  • CASH OFFER FOR HK$0.2 PER SHARE

  • APPLICATION MADE BY CO FOR RESUMPTION OF TRADING IN SHARES ON STOCK EXCHANGE WITH EFFECT FROM 9:00 A.M. ON 10 JUNE

Source text for Eikon: ID:nHKS1Mbf3y

Further company coverage: 8039.HK