Gelonghui, September 10, 丨 Hangzhou Pin Life Technology (01682.HK) announced that at 4:00 p.m. on September 10, 2024, the offeror had received: (i) valid acceptance of a total of 322,745,404 shares of the offer, accounting for approximately 41.07% of the company's total issued share capital on the date of this joint announcement; and (ii) valid acceptance of a total of 5,192,000 share options under the share option offer, accounting for 25.00% of the share options.
After accounting for the accepted shares and the 103,950,000 shares (accounting for about 13.23% of the company's total issued share capital) already owned by the offender and those acting in concert with it, the offender and those acting in concert with it have an interest in a total of 426,695,404 shares (accounting for approximately 54.29% of the company's total issued share capital at the date of this joint announcement).
As a result, the offeror announced that the conditions (i) relating to the acceptance level of share offers contained in the “Terms of Offer” section of the comprehensive document “Letter from Kingston Securities” have been fulfilled.
As all the conditions set out in the “Terms of Offer” section of the comprehensive document “Letter from Kingston Securities” have now been met, the offeror announced that the offer was unconditional in all respects on September 10, 2024.