Brief: Dongyue Group Announces Proposed Off-Market Share Buy-Back
24/10/2023 02:50
Oct 24 (Reuters) - Dongyue Group Ltd 0189.HK :
* PROPOSED OFF-MARKET SHARE BUY-BACK
* HAS PROPOSED TO BUY-BACK FOR CANCELLATION, AN AGGREGATE OF
521
MILLION SHARES
* BUY-BACK AT AN AGGREGATE CONSIDERATION OF HK$3.70 BILLION
* ENTERED INTO EQUITY TRANSFER AGREEMENT WITH MACROLINK
HOLDING
LIMITED
* DONGYUE FLUOROSILICONE TECHNOLOGY PROPOSED TO SELL STAKES
IN
TARGET COMPANIES FOR RMB3.46 BILLION
Further company coverage: 0189.HK
((Reuters.Briefs@thomsonreuters.com;))
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