Brief: China Vast Announces Pre-Conditional Proposal For Privatisation Of China Vast

CIG ShangHai Co

10/06/2022 02:39

June 10 (Reuters) - China Jinmao Holdings Group Ltd
 0817.HK :
    * PRE-CONDITIONAL PROPOSAL FOR PRIVATISATION OF CHINA VAST
BY WAY
OF SCHEME OF ARRANGEMENT
    * CHINA VAST IRREVOCABLY UNDERTOOK TO CHINA JINMAO TO PUT
FORWARD
SCHEME TO SCHEME SHAREHOLDERS
    * SCHEME COMPRISES CANCELLATION OF 60.20% OF ISSUED CHINA
VAST
SHARES AS AT DATE OF ANNOUNCEMENT
    * WILL MAKE APPLICATION TO STOCK EXCHANGE FOR WITHDRAWAL OF
LISTING OF CHINA VAST SHARES ON STOCK EXCHANGE
    * ALL OF NON-CONTROLLING SHAREHOLDER SCHEME SHARES TO BE
CANCELLED
IN EXCHANGE FOR PAYMENT OF HK$2.40/SHARE

Further company coverage:  0817.HK 

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