Brief: KNK Holdings Says On 2 June Emperor Securities Exercised Rights Under KY Margin Financing Agreement

China Come Ride New Energy

09/06/2022 16:19

June 9 (Reuters) - KNK Holdings Ltd  8039.HK :
    * ON 2 JUNE, EMPEROR SECURITIES EXERCISED RIGHTS UNDER KY
MARGIN
FINANCING AGREEMENT AND AGREED KY TRANSFER OF 69 MILLION SHARES
    * ON 2 JUNE, EMPEROR SECURITIES TRANSFERRED 39.51% STAKE OF
CO TO
NEW ENERGY BUSINESS CLUSTER CO
    * EMPEROR SECURITIES AGREED KY TRANSFER AT TOTAL
CONSIDERATION OF
HK$13.8 MILLION
    * POST TRANSFER, OFFEROR INTERESTED IN ABOUT 53.51% OF
ENTIRE
ISSUED SHARE CAPITAL OF CO
    * MANDATORY UNCONDITIONAL CASH OFFER TO BE MADE BY EMPEROR
CAPITAL
ON BEHALF OF NEW ENERGY BUSINESS CLUSTER CO
    * CASH OFFER FOR HK$0.2 PER SHARE
    * APPLICATION MADE BY CO FOR RESUMPTION OF TRADING IN SHARES
ON
STOCK EXCHANGE WITH EFFECT FROM 9:00 A.M. ON 10 JUNE

Source text for Eikon:  ID:nHKS1Mbf3y 
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