Brief: Cosmos Machinery Enterprises Updates On Proposed Privatisation Of Co

Cosmos Machinery Enterprises

24/12/2020 11:19

Dec 24 (Reuters) - Cosmos Machinery Enterprises Ltd
 0118.HK :
    * REFERS TO PROPOSED PRIVATISATION OF CO BY COSMOS MACHINERY
(HOLDINGS)
    * OFFEROR PROPOSED TO INCREASE SCHEME CONSIDERATION TO
HK$0.550
FROM HK$0.500 IN CASH FOR EACH SCHEME SHARE CANCELLED
    * CASH PAYABLE UNDER PROPOSED SCHEME CONSIDERATION WOULD BE
ABOUT
HK$226.1 MILLION
    * APPLICATION WILL BE MADE FOR RESUMPTION OF TRADING IN
SHARES
FROM 9 AM, DEC 28

Source text https://www1.hkexnews.hk/listedco/listconews/sehk/2020/1224/2020122400869.pdf
Further company coverage:  0118.HK 

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