Brief: Cash Financial Services Announces Mandatory Cash Offers By Celestial Investment Group

Celestial Asia Securities Holdings

31/12/2020 14:05

Dec 31 (Reuters) - CASH Financial Services Group Ltd
 0510.HK :
    * CELESTIAL INVESTMENT GROUP CONDITIONALLY AGREED TO BUY
ABOUT
4.59% OF CO'S ISSUED SHARE CAPITAL
    * CELESTIAL INVESTMENT GROUP CONDITIONALLY AGREED TO BUY
ABOUT
4.39% OF CO'S ENLARGED ISSUED SHARE CAPITAL AS AT S&P COMPLETION
    * DEAL FOR HK$8.4 MILLION
    * AS OF DEC 31, OFFEROR & PARTIES OWN ABOUT 35.50% OF CO'S
ISSUED
SHARE CAPITAL
    * POST S&P, OFFEROR & PARTIES WILL OWN TOTAL ABOUT 38.33% OF
CO'S
ENLARGED ISSUED SHARE CAPITAL
    * OFFEROR WILL THEN BE REQUIRED TO MAKE SHARE OFFER FOR ALL
CO'S
ISSUED SHARES OTHER THAN THOSE ALREADY OWNED BY OFFEROR
    * SHARE OFFER FOR HK$0.75 IN CASH FOR EACH SHARE OF CO

Source text https://www1.hkexnews.hk/listedco/listconews/sehk/2020/1231/2020123101190.pdf
Further company coverage:  0510.HK 

 ((Reuters.Briefs@thomsonreuters.com;))