Brief: Da Sen Holdings Updates On Proposed Restructuring Involving Open Offer And Scheme

Da Sen Holdings

14/02/2022 15:36

Feb 14 (Reuters) - Da Sen Holdings Group Ltd  1580.HK :
    * REFERS TO ANNOUNCEMENTS IN RELATION TO PROPOSED
RESTRUCTURING
INVOLVING, AMONG OTHER THINGS, OPEN OFFER AND SCHEME
    * ON 9 DEC, SCHEME WAS APPROVED BY REQUISITE MAJORITIES OF
SCHEME
CREDITORS AT SCHEME MEETING
    * SCHEME CREDITORS TO GET SCHEME CONSIDERATION COMPRISING
CASH OF
HK$15.2 MILLION & SCHEME SHARES COMPRISING 49.2 MILLION NEW
SHARES
    * WILL ALSO ISSUE AND ALLOT CONSENT FEE SHARES OF UP TO 16.4
MILLION NEW SHARES UNDER GENERAL MANDATE
    * ISSUE PRICE OF SCHEMES SHARES AND CONSENT FEE SHARES IS
HK$0.118
PER SHARE
    * EXPECTED THAT APPROXIMATELY HK$20.0 MILLION WILL BE RAISED
TO
FUND SCHEME

Source text for Eikon:  ID:nHKS9zQBHX 
Further company coverage:  1580.HK 

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