Brief: Redco Properties Updates On Proposed Spin-Off And Separate Listing Of Redco Healthy Living

Redco Properties

10/03/2022 14:42

March 10 (Reuters) - Redco Properties Group Ltd  1622.HK :
    * REFERS TO PROPOSED SPIN-OFF AND SEPARATE LISTING OF REDCO
HEALTHY LIVING CO LTD
    * BASIS OF ENTITLEMENT IS 1 RESERVED REDCO HEALTHY SHARE FOR
EVERY
INTEGRAL MULTIPLE OF 850 SHARES HELD BY QUALIFYING SHAREHOLDERS
    * ASSURED ENTITLEMENTS OF QUALIFYING SHAREHOLDERS TO
RESERVED
REDCO HEALTHY LIVING SHARES ARE NOT TRANSFERABLE
    * PRC STOCK CONNECT INVESTORS CANNOT PARTICIPATE IN
PREFERENTIAL
OFFERING
    * SIZE AND STRUCTURE OF GLOBAL OFFERING HAVE NOT YET BEEN
FINALISED

Source text for Eikon:  ID:nHKSYdbyC 
Further company coverage:  1622.HK 

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