HONG KONG, Nov 13 (Economic Information Daily) -- Max Premier (MP), a major shareholder of Meijiehui Holdings (01389) and Ma Shing Holdings (00022), jointly announced that MP, as the offeror, will acquire 53.77% equity from other shareholders for HK$102 million, making a mandatory unconditional cash offer at HK$0.3428 per share, representing a discount of approximately 34% compared to the last closing price of HK$0.52 before suspension. The company's shares have been suspended since October 2 and have applied to resume trading on the Stock Exchange of Hong Kong Limited from 9:00 a.m. today.
The group stated that the maximum cash consideration 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, propose new directors to join the board, and maintain the listing status of the shares after the offer closes. The offeror is owned 62% by Zhao Chuanrong and 38% by Chen Jixiang. (wh)
The group stated that the maximum cash consideration 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, propose new directors to join the board, and maintain the listing status of the shares after the offer closes. The offeror is owned 62% by Zhao Chuanrong and 38% by Chen Jixiang. (wh)