Brief: Yunnan Baiyao Offers To Buy Up To 69.4% Stake In Ban Loong

YNBY International

04/11/2021 11:50

Nov 4 (Reuters) - Yunnan Baiyao Group Co Ltd  000538.SZ 
    * SAYS HAINAN UNIT AGREES TO BOOST HONG KONG SUBSIDIARY'S
CAPITAL
BY HK$1.36 BILLION  ($174.74 million)
    * SAYS HONG KONG SUBSIDIARY, ITS PARTY ACTING IN CONCERT ARE
REQUIRED TO OFFER TO BUY UP TO 69.54% STAKE IN BAN LOONG
HOLDINGS LTD  0030.HK  AT HK$0.285/SHR

Source text 1 http://www.cninfo.com.cn/new/disclosure/detail?stockCode=000538&announcementId=1211492676&orgId=gssz0000538&announcementTime=2021-11-04
 
Source text 2 http://www.cninfo.com.cn/new/disclosure/detail?stockCode=000538&announcementId=1211492673&orgId=gssz0000538&announcementTime=2021-11-04
Further company coverage:  000538.SZ 

($1 = 7.7828 Hong Kong dollars)

 (Reporting by Hong Kong newsroom)
 ((meg.shen@thomsonreuters.com; 852-39525805;))