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3386 - Dongpeng Holdings Co News Story

HK$4.46 0.0  0.0%

Last Trade - 14/06/16

Sector
Basic Materials
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £454.0m
Position in Universe th / 6090

BRIEF-Dongpeng Holdings updates on privatisation by joint offerors

Wed 17th February, 2016 10:30pm
Feb 18 (Reuters) - Dongpeng Holdings Co Ltd  3386.HK : 
 * Hldg-...more joint announcement - (1) pre-conditional proposal for the 
privatisation of Dongpeng Holdings Company Limited by the joint offerors by 
way of a scheme of arrangement (under section 86 of the companies law) and 
(2) proposed withdrawal 
 * Amount of cash required for the proposal (before taking into account the 
option offer to be made) is approximately hk$1.49 billion 
 * Says amount of cash required for the option offer is approximately hk$23.47 
million 
 * Joint offerors intend to finance cash from combination of their respective 
internal financial resources and available loan facilities 
 
 * Source text for Eikon  ID:nHKS8zgjys  
 
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