Brief: CMMB Vision Says Chi Capital Offers To Buy Co For HK$0.40/Share In Cash

Silkwave

07/12/2021 14:59

Dec 7 (Reuters) - CMMB Vision Holdings Ltd  0471.HK :
    * GOT A CONVERSION NOTICE TO EXERCISE A TOTAL OF 108.6
MILLION
PARTIAL CONVERSION SHARES AT HK$0.35/SHARE
    * ON 1 DEC, CHI CAPITAL HOLDINGS BOUGHT 21.58% THROUGH BLOCK
TRADE
TRANSACTIONS AT HK$0.40/SHARE
    * CHI CAPITAL OFFERS TO BUY CO FOR EACH OFFER SHARE HK$0.40
IN
CASH
    * OFFER VALUED AT ABOUT HK$94.3 MILLION IN AGGREGATE
    * CHI CAPITAL TO FUND  OFFER THROUGH A LOAN FACILITY OF
HK$146.0
MILLION

Source text for Eikon:  ID:nHKS4T5l9p 
Further company coverage:  0471.HK 

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