For stock trading, check the Jin Qilin analyst research reports 鈥?authoritative, professional, timely, and comprehensive, helping you uncover potential thematic opportunities! RITAMIX (HK: 01936) announced on Friday (September 25) that the offeror, Innovation Forge Holdings Limited, acquired a total of approximately 363.8 million shares from the sellers, representing approximately 77.94% of the enlarged share capital, for a total consideration of HK$224 million.
The cash offer price is HK$0.617 per share, representing a discount of approximately 29.08% compared to the closing price of HK$0.87 before the trading halt.
Upon completion, the offeror and parties acting in concert must, in accordance with the rules, make an unconditional mandatory cash offer to acquire all offer shares. The offeror will not increase the offer price.
The first buyer is Stellar Gate Investments Limited, whose ultimate beneficial owner is Mr. Allen Xionang Wu (吴雄昂); the second buyer is Innovation Forge Holdings Limited, which is also the offeror, whose ultimate beneficial owner is Ms. Zeng Jupeng. Mr. Wu and Ms. Zeng are spouses.
The sellers include Dato' Sri Lee Haw Yih and Voon Sze Lin.
After completion, the company will consider reallocating the entire unutilized net proceeds from the listing of HK$56.5 million to pay part of the special dividend and declare a special dividend of HK$0.29 per share. (Screenshot from Xueqiu Finance)
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