LIFESTYLE CHI (02136): The offeror proposes to increase the cancellation price to HK$0.98 per share. Resumption of trading on January 17th.
Lifuk China (02136) and the offeror FORTUNE SPIRIT GROUP LIMITED...
LIFESTYLE CHI (02136) and the offeror FORTUNE SPIRIT GROUP LIMITED jointly announced that on January 15, 2025, the offeror has informed the company of its revised proposal to increase the cancellation price from the originally planned HK$0.913 per share to HK$0.98 per share, representing an increase of approximately 7.3% from the original cancellation price. The offeror has requested the company to submit the revised proposal to the scheme shareholders.
The offeror will not further increase the revised cancellation price, nor will it retain the right to act in this way. Shareholders and potential investors should note that after making this statement, the offeror will not be able to increase the revised cancellation price.
Additionally, the company has applied to the Stock Exchange for the resumption of trading of its shares on the Stock Exchange from 9:00 am on January 17, 2025.
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