Ritamix Global (HKG:1936) said the completion date of Nov. 6 has been set for a previously disclosed agreement under which Innovation Forge will buy all voting shares of the company for HK$224.5 million, according to a Thursday bourse filing.
The company said it also extended the long stop date for the same agreement from Oct. 31 to Nov. 13.
Additionally, Innovation Forge is expected to release HK$44.9 million from an escrow account within two working days and, at closing, pay the remaining amount in U.S. dollars, the company said.
Shares were last down 12% in Friday afternoon trading.
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