Longyuan Resources (01712) receives a discount of about 2.62% from United Group (00373) to fully purchase the tender offer. Trading will resume on May 20th.

Update from the Citic Securities APP, Long Resources (01712) and the offeror WAH CHEONG DEVELOPMENT (B.V.I.) LIMITED jointly announced that Mass Base Securities will represent the offeror and propose a tender offer to acquire all the offer shares, with a cash offer price of HK$2.60 per share, representing a discount of approximately 2.62% compared to the closing price of Long Resources shares on the last trading day on the Stock Exchange of HK$2.67 per share. The maximum number of Long Resources shares that can be acquired under the offer is approximately 111 million shares.