[ET Net News Agency, 21 March 2017] Goldin Properties (00283) said it was informed by
chairman Pan Sutong that he proposes to privatise the company by making a voluntary
conditional cash offer to acquire all the issued shares.
The proposal is being finalised subject to, among other things, the execution of
financing documents with banks for the fund required for implementing the proposal.
If the proposal materialises, Pan does not intend to maintain the listing of the shares
of Goldin Properties on the Stock Exchange
Pan, through his personal capacity and companies controlled by him, currently holds an
aggregate of about 64.42% equity interests in Goldin Properties.
Goldin Properties had applied for the resumption of trading in shares this morning. (HL)
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IPO News
21/03/2017 08:41
Goldin Properties (00283) chairman proposes privatisation