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BRIEF-China Vast Announces Pre-Conditional Proposal For Privatisation Of China Vast

reuters.com · 06/09/2022 21:39
BRIEF-China Vast Announces Pre-Conditional Proposal For Privatisation Of China Vast

- China Jinmao Holdings Group Ltd CJNHF:

  • PRE-CONDITIONAL PROPOSAL FOR PRIVATISATION OF CHINA VAST BY WAY OF SCHEME OF ARRANGEMENT

  • CHINA VAST IRREVOCABLY UNDERTOOK TO CHINA JINMAO TO PUT FORWARD SCHEME TO SCHEME SHAREHOLDERS

  • SCHEME COMPRISES CANCELLATION OF 60.20% OF ISSUED CHINA VAST SHARES AS AT DATE OF ANNOUNCEMENT

  • WILL MAKE APPLICATION TO STOCK EXCHANGE FOR WITHDRAWAL OF LISTING OF CHINA VAST SHARES ON STOCK EXCHANGE

  • ALL OF NON-CONTROLLING SHAREHOLDER SCHEME SHARES TO BE CANCELLED IN EXCHANGE FOR PAYMENT OF HK$2.40/SHARE

Further company coverage: CJNHF


((Reuters.Briefs@thomsonreuters.com;))