Brief: Chinese Estates Says Solar Bright Requested Board To Put Forward Proposal For Privatisation Of Co

Chinese Estates Holdings

06/10/2021 12:56

Oct 6 (Reuters) - Chinese Estates Holdings Ltd  0127.HK :
    * ON 28 SEPT SOLAR BRIGHT REQUESTED BOARD TO PUT FORWARD
PROPOSAL
TO SCHEME SHAREHOLDERS FOR PRIVATISATION OF CO
    * UPON COMPLETION, SOLAR BRIGHT, JOSEPH LAU LUEN HUNG
INVESTMENTS
& CENTURY FRONTIER WILL HOLD ENTIRE ISSUED SHARE CAPITAL OF CO
    * LISTING OF SHARES TO BE WITHDRAWN FROM STOCK EXCHANGE UPON
COMPLETION
    * SCHEME SHAREHOLDERS TO GET HK$4.00 IN CASH FOR EACH SCHEME
SHARE
CANCELLED UNDER SCHEME
    * TOTAL MAXIMUM CASH CONSIDERATION PAYABLE UNDER PROPOSAL IS
HK$1.91 BILLION

Source text for Eikon:  ID:nHKSbp2wV2 
Further company coverage:  0127.HK 

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