因此，倘该计划根据其条款及条件具有约束力并生效，于记录日期名列公司股东名册的计划股东将根据该建议收取每股计划股份合共1.00港元的现金。PENTAMASTER (01665) and the offeror, Puga Holdings Limited, Pent...
According to the news from Zhitong Finance App, PENTAMASTER (01665) and the offeror Puga Holdings Limited, Pentamaster Corporation Berhad jointly announced that on December 19, 2024, the joint offeror and the company signed an implementation agreement, by which the joint offeror requested the Board of Directors to present the proposal to the plan shareholders, suggesting that the company be privatized through a scheme arrangement in accordance with Section 86 of the Companies Act. The cancellation price per planned share is HKD 0.93, a premium of 16.3% over the last trading day's closing price of HKD 0.80. The company has applied to the Exchange for its shares to resume trading at 9:00 AM on December 20, 2024.
According to the proposal, the company will also declare a special dividend of HKD 0.07.
Therefore, if the plan is binding and comes into effect according to its terms and conditions, the planned shareholders listed on the company's register on the record date will receive a total of HKD 1.00 in cash for each planned share according to the proposal.
According to the agreement of the joint offeror, after the plan comes into effect, Puga and PCB will hold approximately 29.00% and 71.00% interests in the company, respectively, and the listing status of the shares on the Exchange will be revoked.
It is reported that on the announcement date, Puga was held by Beacon Path (17.38%), Supari (67.02%), Digimoc Holdings Limited (6.00%), Hong Cheng Venture Capital (3.60%), Mr. Chen Xinyou (3.00%), and Mr. Chen Xinzuo (3.00%). Puga is a special purpose company established to acquire planned shares under the proposal. As of the announcement date, Puga does not hold any investments or assets (except for the cash allocated for the funding of the proposal). The sole Director of Puga is Mr. Wang Liwei, who is currently a partner at Zhongfang Capital, with over 15 years of experience in corporate finance and accounting.
PCB has been listed on the Main Board of the Malaysian Securities Exchange since 2004 (stock code: 7160) and has been included in the FTSE4Good Bursa Malaysia Index constituents since 2021. As of the announcement date, Mr. Chuah is the single largest shareholder of PCB, holding approximately 19.74% of the shares.
