要约人将根据收购守则规则13向永续可换股证券持有人提出( 或促使其代表提出 )永续可换股证券要约，以收购仍未偿付且于生效日期仍未根据其项下的转换权以其他方式赎回及╱或转换为股份的所有未偿付永续可换股证券。永续可换股证 券要约以该计划生效为条件。根据收购守则第6项应用指引，永续可换股证券要约项下的要约价为每1港元面值的永续可换股证券0.40476190476港元。Pioneer Juda (01329) and the offeror First Investment Holdings Co., Ltd. jointly announced on October 16, 2024...
According to Zhitong Finance App News, Pioneer Juda (01329) and the offender First Investment Holdings Co., Ltd. jointly announced that on October 16, 2024 (after the trading period), the offender requested the board of directors to privatize the company to the planned shareholders through an agreement arrangement in accordance with section 86 of the Company Law, involving cancellation of the planned shares and payment of the cancellation price of each planned share to the planned shareholders in cash, and the cancellation of the listing status of the shares on the Stock Exchange. The company has applied to the Stock Exchange to resume trading on the Stock Exchange starting at 9:00 a.m. on October 29, 2024 (Tuesday).
The plan will agree that all plan shares will be cancelled in exchange for a cash cancellation price of HK$0.85 per share, a premium of approximately 46.55% over the closing price of HK$0.58 per share reported on the Stock Exchange on the last trading day.
The offeror will make an offer of perpetual convertible securities to the holder of perpetual convertible securities in accordance with Rule 13 of the Takeovers Code to acquire all unpaid perpetual convertible securities that have not been paid and have not been otherwise redeemed and/or converted into shares in accordance with the conversion rights under it on the effective date. The offer of perpetual convertible securities is subject to the entry into force of the plan. According to the application guidelines of section 6 of the Takeovers Code, the offer price under the offer for perpetual convertible securities is HK$0.40476190476 for each HK$1 face value of perpetual convertible securities.
On October 28, 2024, Unichow entered into an irrevocable commitment with Unichow as the beneficiary. According to this, Unichow promised to convert all of its perpetual convertible securities into shares and voted in favor of the resolution relating to the implementation of the plan relating to Unichow's pledged shares.
On the date of the announcement, the offender directly held approximately 65.72% of the company's issued share capital and was indirectly wholly owned by Capital City Development Group, while Capital City Development Group was wholly owned by Capital Group. Pioneer Group, on the other hand, is directly supervised by the Beijing Municipal People's Government. The main business of the offeror is investment holding.
