Brief: Landing International Development updates on takeover offer from Landing International Ltd

Shin Hwa World

15/06/2017 16:00

June 15 (Reuters) - Landing International Development Ltd 
 0582.HK  
    * On 14 June 2017, Landing international has purchased an 
aggregate of 6.5 million shares 
    * Offer price of HK$0.075 for each share under offer is 
equal to purchase price per share paid by offeror under 
acquisition 
    * Application has been made by co for resumption of trading 
in shares with effect from 9:00 a.m. on 16 June 2017 
    * Landing international Ltd proposes to acquire all issued 
shares of Landing International Development Ltd 
    * Total consideration payable under offer shall be payable 
in cash 
    * Offeror intends to finance consideration with loan granted 
by kingston securities and its own financial resources 
 
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