XINGDA INT'L (01899): The offer became unconditional in all aspects on November 15th.

date
15/11/2024
avatar
GMT Eight
XINGDA INT'L (01899) and Great Trade Limited jointly announced that as of 15 November 2024 (Friday) at 4:00 pm, they have received a total of 25 valid acceptances for a total of 456 million shares of the offer shares (accepted shares), representing approximately 23.73% of the company's issued share capital as of the date of this joint announcement. Prior to the commencement of the offer period (i.e. 24 September 2024), the offeror and persons acting in concert with the offeror held interests in a total of 711 million shares, representing approximately 37.03% of the company's issued share capital as of the date of this joint announcement. At the first closing time of 4:00 pm, taking into account the accepted shares and the shares for which transfers of ownership have been officially registered at the share transfer registrar, the offeror and persons acting in concert with the offeror will hold a total of 1.167 billion shares, representing approximately 60.76% of the company's issued share capital as of the date of this joint announcement. All conditions set out in the offer document have been met, and the offer has become unconditional in all respects as of 15 November 2024 at 4:00 pm. In accordance with Rule 15.3 of the Takeovers Code, the offer will remain open for acceptance for at least 14 days after becoming or being declared unconditional (whether in respect of acceptances or otherwise). Therefore, the offer will remain open for acceptance until 29 November 2024 (Friday) at 4:00 pm.

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