Brief: Zhicheng Technology Group Says Tecway Technology, Theia Vision Capital & Individual To Buy 254.3 Mln Shares

Min Fu International Holding

25/11/2021 14:56

Nov 25 (Reuters) - Zhicheng Technology Group Ltd  8511.HK :
    * IFG SWANS HOLDING AS VENDOR, TECWAY TECHNOLOGY & THEIA
VISION
CAPITAL AMONG JOINT OFFERORS ENTERED AGREEMENT
    * JOINT OFFERORS TO BUY 254.3 MILLION SHARES IN CO
    * SALE OF SHARES FOR CONSIDERATION OF HK$47.7 MILLION
    * FOLLOWING COMPLETION, JOINT OFFERORS & PARTIES WILL BE
INTERESTED IN ABOUT 63.585% OF ISSUED SHARE CAPITAL OF CO
    * JOINT OFFERORS TO BE REQUIRED UNDER TAKEOVERS CODE TO MAKE
A
MANDATORY UNCONDITIONAL CASH OFFER FOR CO
    * FORWIN SECURITIES ON BEHALF OF JOINT OFFERORS TO MAKE
OFFER FOR
HK$0.1875 IN CASH FOR EACH SHARE
    * APPLICATION MADE TO STOCK EXCHANGE FOR RESUMPTION OF
TRADING IN
SHARES FROM 26 NOV

Source text for Eikon:  ID:nHKSJbKx4 
Further company coverage:  8511.HK 

 (Reuters.Briefs@thomsonreuters.com)