Summary by Moomoo AI
Isola Castle Ltd (the “Contracting Party”) issued a joint announcement on 8 March 2024 announcing a voluntary conditional cash offer for all issued shares of Vida International Holdings Limited (the “Company”), with the exception of shares already owned by the Contractor and its Consistent Operators. The offer was made by France Paris Securities (Asia) Limited and China International Finance Hong Kong Securities Limited as financial advisors. The Procurer will publish a form and a reminder on the designated media to guide independent shareholders on how to accept the Offer. Completion of an agreement is subject to the achievement or waiver of a specific condition and is not certain to become unconditional or complete. Shareholders should carefully read the comprehensive documents and acceptance forms and consult with professional advisors before deciding whether to accept the contract. The first deadline for bids is 4 p.m., April 2, 2024. As a reminder to shareholders, the offer price per share is HK$23.50 and the final payment will be deducted from the seller's stamp duty.