Economic Information Daily News (13th) - Meijiehui Holdings (01389) is up 83.7%, trading at HK$0.955, with approximately 1.7 million shares traded, involving HK$1.79 million.
Meijiehui Holdings and Maosheng Holdings (00022) major shareholder Max Premier (MP) jointly announced that MP, as the offeror, will acquire 53.77% equity from other shareholders for HK$102 million, launching a mandatory unconditional cash offer at HK$0.3428 per share, representing a discount of about 34% compared to the pre-suspension closing price of HK$0.52. The company's shares have been suspended since October 2 and have applied to resume trading on the Hong Kong Stock Exchange from 9:00 a.m. today.
The group stated that the maximum cash amount payable by the offeror, assuming full acceptance of the offer, is approximately HK$87.84 million. The offeror intends to continue employing the group's existing management and staff, plans to nominate new directors to the board, and intends to maintain the listing status of the shares after the offer closes. The offeror is owned 62% by Zhao Chuanrong and 38% by Chen Jixiang. (am)
Meijiehui Holdings and Maosheng Holdings (00022) major shareholder Max Premier (MP) jointly announced that MP, as the offeror, will acquire 53.77% equity from other shareholders for HK$102 million, launching a mandatory unconditional cash offer at HK$0.3428 per share, representing a discount of about 34% compared to the pre-suspension closing price of HK$0.52. The company's shares have been suspended since October 2 and have applied to resume trading on the Hong Kong Stock Exchange from 9:00 a.m. today.
The group stated that the maximum cash amount payable by the offeror, assuming full acceptance of the offer, is approximately HK$87.84 million. The offeror intends to continue employing the group's existing management and staff, plans to nominate new directors to the board, and intends to maintain the listing status of the shares after the offer closes. The offeror is owned 62% by Zhao Chuanrong and 38% by Chen Jixiang. (am)
