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COFCO PACKAGING (00906.HK): The offer has become unconditional in all respects.
Gelonghui, January 8 - COFCO PACKAGING (00906.HK) announced that on January 8, 2025, Huari received valid acceptances of a total of 0.286 billion Huari offer shares, accounting for approximately 25.68% of the total issued share capital of the company as of the date of this joint announcement. Taking into account the valid acceptances of Huari offer shares, along with the 269,341,200 shares held by ORG Technology, the 2,326,000 shares held by Hubei ORG Technology, and the 403,000 shares held by JianTou (overseas), Huari and its concerted parties have a total of 557,965,707 shares.
Cofco Packaging (00906.HK) public shareholding is approximately 23.02%.
According to the announcement on December 24th, COFCO PACKAGING (00906.HK) announced that as of the announcement date, the company's public shareholding was approximately 23.02%, still below the minimum requirement of 25% specified in Listing Rule 8.08. The company is currently considering alternative solutions to restore the public shareholding to the minimum required percentage as soon as practically feasible.
Hong Kong stock movement | COFCO PACKAGING (00906) rose by over 5%, the preconditions for the Huarui Fengquan offer have been met.
COFCO PACKAGING (00906) rose over 5%, as of the time of this report, it increased by 5.06%, priced at 7.06 HKD, with a trading volume of 3.3653 million HKD.
Domestic metal packaging leader org technology intends to acquire cofco packaging, whose stock price has risen more than 80% in the past year.
What is the main motivation for ORG Technology to acquire Cofco Packaging? In the acquisition process of ORG Technology, what are the main challenges encountered?
Cofco Packaging (00906): Due to the failure to meet the acceptance conditions, the tender offer was unable to become unconditional on the date of this announcement.
Cofco Packaging (00906) announced that China Foods has accepted the tender offer in accordance with the irrevocable commitment to sell shares (i.e. 3...
Cofco Packaging (00906): The public shareholding is approximately 23.02%.
Cofco Packaging (00906) announced that, as of the date of this announcement, the company's public shareholding is approximately 23.02%,...
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