Brief: Yat Sing Holdings updates on increase in offer price by Smart Paradise International

World Digital Economy Asset

12/12/2016 14:50

Dec 12 (Reuters) - Yat Sing Holdings Ltd  3708.HK  
    * sfc indicated it is deeming an individual, bao xibin , to 
be a party acting in concert with offeror 
    * xibin admitted to acquired certain number of shares at 
hk$0.94 per share during 6-month period prior to commencement of 
offer period and disposed of same 
    * offeror would be required to increase offer price to 
hk$0.94 per offer share, which is equivalent to price per share 
paid by bao for his acquisition 
    * offeror proposed to increase offer price from hk$0.563 per 
offer share to hk$0.94 per offer share 
    * " offeror disagrees Bao shall be deemed to be a party 
acting in concert with it" 
 
Source text (http://bit.ly/2gRkvMp) 
Further company coverage:  3708.HK  
 
 ((Bangalore.newsroom@thomsonreuters.com;))