Brief: CSSC Hong Kong Shipping Says China State Shipbuilding Corp To Acquire Entire Satke In CSSC Group

CSSC (Hong Kong) Shipping

01/07/2021 15:06

July 1 (Reuters) - CSSC Hong Kong Shipping Co Ltd  3877.HK :
    * CHINA STATE SHIPBUILDING CORP PROPOSES TO ACQUIRE ENTIRE
EQUITY
INTEREST IN CSSC GROUP
    * PROPOSED RESTRUCTURING WOULD TRIGGER AN OBLIGATION TO MAKE
A
MANDATORY GENERAL OFFER FOR ALL OF ISSUED SHARES OF CO
    * UPON RESTRUCTURING COMPLETION, CHINA SHIPBUILDING GROUP TO
BE
INDIRECTLY INTERESTED IN 75% OF ISSUED SHARE CAPITAL OF CO
    * INFORMED BY CSSC GROUP THAT CHINA SHIPBUILDING GROUP GOT
WAIVER
FROM COMPLIANCE WITH OBLIGATION TO MAKE GENERAL OFFER


Further company coverage:  3877.HK 

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