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申港控股(08631)获王新龙折让约21.88%提全购要约 9月17日复牌

Sun Kong Holdings (08631) received a 21.88% discount from Wang Xinlong to make a full acquisition offer. Trading will resume on September 17th.

Zhitong Finance ·  Sep 16, 2024 22:59

Sun Kong Holdings (08631) and the offeror Hong Kong Yu Feng Chang Limited jointly announced that on September 13, 2024, ...

Zhongtong Finance APP news, Sun Kong Holdings (08631) and the offeror Hong Kong Yu Feng Chang Limited jointly announced that on September 13, 2024, the offeror completed the acquisition of 23.115 million shares of selling shares to Fully Fort Group Limited, with a total consideration of approximately 14.4469 million Hong Kong dollars, equivalent to 0.625 Hong Kong dollars per share of selling shares. The selling shares account for approximately 57.79% of the total issued share capital of the company as of the announcement date.

Immediately following the completion, the offeror and its concerted parties will have interests in 23.115 million shares (equivalent to approximately 57.79% of the total issued share capital of the company). Therefore, in accordance with Rule 26.1 of the Takeover Code, the offeror must make a mandatory unconditional cash offer for all issued shares (except those already owned by the offeror and/or concerted parties willing to be transferred to the acquirer). The cash offer price per share is 0.625 Hong Kong dollars, representing a discount of approximately 21.88% compared to the closing price of 0.800 Hong Kong dollars per share on the last trading day as reported on the Stock Exchange.

In addition, the company has applied to the Stock Exchange for the resumption of trading in its shares on the Stock Exchange starting from 9:00 am on September 17, 2024 (Tuesday).

It is reported that the offeror, indirectly wholly-owned by Wang Xinlong, serves as the executive director and supervisor of Xi'an Caibang Fund Management Co., Ltd. (a fund management company in which the offeror holds a minority stake), and also serves as the general manager and executive director of Xi'an Lexiang Xingtu Film and Television Culture Co., Ltd. (a company mainly engaged in video and short video production and operation services).

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