Brief: China Agri-Products Exchange Announces Pre-Conditional Voluntary Partial Cash Offer

Wang On

27/09/2019 01:01

Sept 27 (Reuters) - China Agri-Products Exchange Ltd
 0149.HK :
    * CHINA AGRI-PRODUCTS EXCHANGE ANNOUNCES PRE-CONDITIONAL
VOLUNTARY
PARTIAL CASH OFFER BY GOAL SUCCESS INVESTMENTS TO BUY CERTAIN
SHARES OF CO
    * CHINA AGRI-PRODUCTS EXCHANGE - CASH OFFER TO RESULT IN
ACQUISITION OF UP TO 54.83% OF OUTSTANDING PRINCIPAL AMOUNT OF
CONVERTIBLE NOTES OF CO
    * CHINA AGRI-PRODUCTS EXCHANGE-GOAL TO BUY OFFER SHARES
RESULTING
IN IT HOLDING UP TO 75% OF CAP SHARES AT PARTIAL SHARE OFFER
PRICE OF HK$0.091/CAP EARNINGS PER SHARE
    * CHINA AGRI-PRODUCTS EXCHANGE- MAXIMUM TOTAL CASH
CONSIDERATION
PAYABLE BY GOAL SUCCESS INVESTMENTS UNDER PARTIAL OFFERS TO
AMOUNT ABOUT HK$529.63 MILLION
    * CHINA AGRI-PRODUCTS EXCHANGE - GOAL SUCCESS INVESTMENTS
INTENDS
TO MAINTAIN LISTING STATUS OF CO ON STOCK EXCHANGE UPON
COMPLETION OF PARTIAL OFFERS
    * CHINA AGRI-PRODUCTS EXCHANGE LTD -  DOUBLE LEADS AND
WINNING
RICH AGREED TO GRANT LOAN TO CO IN AGGREGATE PRINCIPAL AMOUNT OF
HK$710.0 MILLION

Source text for Eikon:  ID:nHKS9K222R 
Further company coverage:  0149.HK 

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