Brief: New Sparkle Roll International Says Offeror Received Letter From Co's Legal Counsel

New Sparkle Roll International

19/01/2024 17:26

Jan 19 (Reuters) - New Sparkle Roll International Group
Ltd  0970.HK :
    * ON 17 JAN OFFEROR RECEIVED LETTER FROM CO'S LEGAL COUNSEL
IN
RELATION TO CERTAIN ALLEGATIONS
    * OFFERER GOT LETTER REGARDING ALLEGATIONS MADE AGAINST IT
    * ALLEGATIONS ON OFERROR INVOLVED IN ILLICIT ARRANGEMENT TO
SOLICIT ACQUISITION ON TOP OF OFFER OF HK$0.9 PER SHARE
    * OFFEROR WAS REQUESTED TO PROVIDE UNDERTAKING TO
IMMEDIATELY
CEASE FROM IMPLEMENTING ALLEGED ARRANGEMENT
    * OFFEROR CONSIDERING TO PURSUE APPROPRIATE LEGAL ACTIONS
AGAINST
CO
    * OFFEROR CONSIDERS UNUSUAL INCREASE IN SHARE PRICE/TRADING
VOLUME
IMPLICATES POTENTIAL MANIPULATION OF SHARE PRICE

Further company coverage:  0970.HK 

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