Brief: Tai United Announces Acquisition Of Shares In Tai He Financial By Songbird

Tai United Holdings

25/01/2018 14:29

Jan 25 (Reuters) - Tai United Holdings Ltd  0718.HK : 
    * ANNOUNCES ACQUISITION OF SHARES IN TAI HE FINANCIAL GROUP 
LIMITED AND TAI UNITED HOLDINGS LIMITED BY SONGBIRD SG PTE. LTD. 
    * ANNOUNCES CASH OFFER BY HAITONG INTERNATIONAL SECURITIES 
FOR AND 
ON BEHALF OF SONGBIRD SG PTE. LTD. TO ACQUIRE ALL SHARES OF TAI 
UNITED 
    * DEAL FOR, FOR EVERY OFFER SHARE ,  HK$0.92 IN CASH 
    * TAI CAPITAL AGREED TO SELL SHARES, AT CONSIDERATION OF 
HK$1.13 
BILLION 
    * CHUA LEE HOLDINGS TO SELL ENTIRE ISSUED SHARE CAPITAL OF 
TAI HE 
FOR HK$2.44 BILLION 
 
Source text for Eikon:  ID:nHKS56LMG0  
Further company coverage:  0718.HK  
 
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