HK's Get Nice Financial hits 10-week low as chairman bids for shares at discount

Get Nice Financial

17/09/2020 04:27

** Shares of securities margin financing service provider
Get Nice Financial Group Ltd  1469.HK  fall 9.9% to HK$0.64,
their lowest since July 6 
    ** Stock heads for its worst session since May 21
    ** Co says Chairman Hung Hon-man offers to buy all
outstanding shares he does not already own in the firm at
HK$0.4726 each, or a 33.44% discount to the previous close of
HK$0.7100 on Sept. 11 prior to a trading halt  urn:newsml:reuters.com:*:nFWN2GD0HJ 
    ** Hung also offers to buy all outstanding shares he does
not already own in Get Nice Holdings  0064.HK  at HK$0.17 each,
or a 5.59% premium to the previous close of HK$0.1610 on Sept.
11 prior to a trading suspension
    ** Get Nice Holdings is the controlling shareholder of Get
Nice Financial
    ** Get Nice Financial says Hung intends to maintain the
listings of both firms on the Hong Kong bourse after the deal
    ** Shares of Get Nice Holdings rise as much as 11.2% to
HK$0.179, their highest since Aug. 28
    ** The Hang Seng Finance Index  .HSNF  declines 1.2%, and
the benchmark index  .HSI  falls 1.4%

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)