Brief: Guoco Group Requested To Put Forward Privatisation Proposal

Guoco

02/07/2018 12:11

July 2 (Reuters) - Guoco Group Ltd  0053.HK :
    * UNIT OF HONG LEONG FINANCIAL GROUP REQUESTED THAT GUOCO
BOARD
PUT FORWARD A PROPOSAL WHICH WILL INVOLVE PRIVATISATION OF GUOCO
    * AGGREGATE TOTAL PRICE PAYABLE IN CASH FOR ALL SCHEME
SHARES
UNDER PROPOSAL IS ABOUT HK$12.49 BILLION
    * SCHEME SHAREHOLDERS ELECTING TO RECEIVE CASH ALTERNATIVE
WILL BE
ENTITLED TO RECEIVE A TOTAL PRICE OF HK$135 PER SCHEME SHARE

Source text for Eikon:  ID:nHKS2ZmW6m 
Further company coverage:  0053.HK 

 ((Reuters.Briefs@thomsonreuters.com;))