ASMPT to Dispose Entire Shareholding for Cash, Minimum 20% Consideration Shareholding in Buyer

MT Newswires Live10-24

ASMPT (HKG:0522) through its subsidiary AHKH, plans to dispose of all of its shares in Advanced Assembly Materials International to Shenzhen Original Advanced Compounds (SHA:603991), partially to be settled through new shares issued by the buyer and partially through cash consideration, a Wednesday Hong Kong bourse filing said.

The number of consideration shares and the cash amount are still undecided however the parties have agreed that the issue price for the consideration shares will not be lower than 80% of the average trading price of buyer's shares within 120 days before buyer's board meeting regarding the transaction.

The parties have also agreed that AHKH will at least hold 20% shares in the buyer after the completion of the transaction.

Price (HKD): $89.30, Change: $-0.75, Percent Change: -0.83%

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