根据收购守则规则31.1，要约人及与其一致行动的各方不得于本公告日期起计12个月内宣布再对股份提出另一项要约，惟获执行人员同意则作别论。Cofco Packaging (00906) announced that China Foods has accepted the offer to sell shares based on an irrevocable commitment (i.e. 3...)
According to Zhongliang Packaging (00906), China Foods has accepted the offer to sell shares based on an irrevocable commitment (i.e. 0.331 billion shares, accounting for approximately 29.7% of Zhongliang Packaging's issued share capital as of the date of this announcement).
By the first deadline (September 3, 2024) at 4:00 pm, the offeror has received valid acceptances for a total of 0.345 billion shares (acceptance shares) under the offer, accounting for approximately 30.9% of Zhongliang Packaging's issued share capital as of the date of this announcement. Therefore, the offeror hereby notifies the shareholders that due to the failure to meet the acceptance conditions, the offer will not become unconditional as of this announcement date (i.e. the first deadline of the offer). Consequently, the offeror hereby announces that the offer has become ineffective at 4:00 pm on the first deadline in accordance with its terms and conditions.
According to Rule 31.1 of the Takeover Code, the offeror and parties acting in concert with it shall not announce another offer for the shares within 12 months from the date of this announcement, except with the consent of the executive. However, this is subject to variation with the consent of the executive.
