Brief: Kin Yat Holdings Says Proposed Privatisation Of Kin Yat Holdings By Resplendent Global
18/04/2024 02:30
April 18 (Reuters) - Kin Yat Holdings Ltd 0638.HK :
* PROPOSED PRIVATISATION OF KIN YAT HOLDINGS BY RESPLENDENT
GLOBAL
* IF PROPOSAL IS APPROVED AND IMPLEMENTED ALL SCHEME SHARES
HELD
BY SCHEME SHAREHOLDERS WILL BE CANCELLED
* OFFER FOR HK$0.72 IN CASH FOR EVERY KIN YAT SHARE
* AMOUNT OF CASH REQUIRED FOR CANCELLATION OF CO'S SHARES IS
HK$112.1 MILLION
* TOTAL MAXIMUM CASH CONSIDERATION PAYABLE UNDER PROPOSAL
HK$112.6
MILLION
* APPLICATION MADE TO STOCK EXCHANGE FOR RESUMPTION OF
TRADING ON
STOCK EXCHANGE WEF 9:00 A.M. ON 18 APRIL
Further company coverage: 0638.HK
((Reuters.Briefs@thomsonreuters.com;))
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