Brief: Allied Group Updates On Proposed Privitisation of APL

Allied

20/04/2020 16:10

April 20 (Reuters) - Allied Properties HK Ltd  0056.HK :
    * ON 9 APRIL SUNHILL INVESTMENTS ASKED APL BOARD TO PUT
FORWARD
PROPOSAL TO SCHEME SHAREHOLDERS INCLUDING PROPOSED PRIVATISATION
OF APL
    * PROPOSAL WILL PROVIDE THAT SCHEME SHARES BE CANCELLED IN
EXCHANGE FOR PAYMENT TO SCHEME SHAREHOLDERS OF HK$1.92 PER
SCHEME SHARE
    * APL WILL APPLY TO STOCK EXCHANGE FOR WITHDRAWAL OF LISTING
OF
APL SHARES ON STOCK EXCHANGE IMMEDIATELY FOLLOWING EFFECTIVE
DATE
    * APPLICATION MADE BY APL FOR RESUMPTION OF TRADING OF
SHARES ON
STOCK EXCHANGE WITH EFFECT FROM 9 A.M. ON 21ST APRIL

Source text for Eikon:  ID:nHKS8Gwjg6 
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