Brief: Speed Apparel Says Noted Recent Increase In Price Of Shares Of Co

EPS Creative Health Technology

26/03/2021 15:19

March 26 (Reuters) - Speed Apparel Holding Ltd  3860.HK :
    * NOTED RECENT INCREASE IN PRICE OF SHARES OF CO
    * INFORMED THAT CHAIRMAN & EXECUTIVE DIRECTOR IS IN
PRELIMINARY
TALKS WITH AN INDEPENDENT THIRD PARTY ABOUT POSSIBLE TRANSACTION
    * CHAIRMAN AND EXECUTIVE DIRECTOR IN TALKS INVOLVING SALE
AND
PURCHASE OF ALL OR PART OF SHARES CURRENTLY HELD BY THEM
    * IF DEAL MATERIALISES, MAY RESULT IN A MANDATORY GENERAL
OFFER
OBLIGATION, IN CASH, FOR ISSUED SECURITIES OF CO
    * TALKS AT AN EARLY STAGE AND STILL ON- GOING, NO AGREEMENT
NOR
ANY MEMORANDUM HAS BEEN MADE
    * MADE APPLICATION TO STOCK EXCHANGE FOR RESUMPTION OF
TRADING IN
SHARES FROM 29 MARCH

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS237g5H
Further company coverage:  3860.HK 

 (Reuters.Briefs@thomsonreuters.com)