boqi env (02377) announced that Credit Suisse Leon Securities Limited will make a conditional voluntary cash tender offer on behalf of the company...
According to the news from the Wise Finance APP, boqi env (02377) announced that Credit Suisse Leon Securities Limited will make a conditional voluntary cash offer on behalf of the company. When the conditions are met, the company will repurchase up to the maximum number of shares (approximately 0.151 billion shares, accounting for approximately 15.00% of the company's issued share capital on the date of this announcement) at a cash price of 1.20 Hong Kong dollars per share. The cash offer price per share of 1.20 Hong Kong dollars represents a premium of approximately 16.50% over the per share closing price of 1.03 Hong Kong dollars on the Stock Exchange of Hong Kong reported on October 4, 2024 (i.e., the last trading day). The company has applied to the Stock Exchange for the resumption of trading on the Stock Exchange as of 9:00 a.m. on October 24, 2024.
The offer will fully comply with the guidelines set out. (a) Assuming only the minimum number of shares is submitted for acceptance, the minimum offer price will be approximately 0.121 billion Hong Kong dollars; or (b) assuming the maximum number of shares is submitted for acceptance, the maximum offer price of approximately 0.181 billion Hong Kong dollars will be paid in cash and will be funded by internal resources of the group.
