--- title: "SAMSON HOLDING to privatize with a premium of approximately 50.00% from Fushan (Hong Kong), trading to resume on July 17th" type: "News" locale: "en" url: "https://longbridge.com/en/news/209016562.md" description: "SAMSON HOLDING will propose a privatization offer at a 50% premium, with a tender offer price of HKD 0.480 per share. The implementation of this plan will result in all planned shares being cancelled and delisted, rendering the stock ineffective as ownership documents or evidence. This move will reduce the company's listing costs and management resources, allowing it to focus on long-term plans. The offeror is Green Ease Limited, owned by Guo Shanhui and Liu Yimei with a 50% stake. SAMSON HOLDING has applied to the Stock Exchange for the resumption of trading of the shares" datetime: "2024-07-16T14:09:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/209016562.md) - [en](https://longbridge.com/en/news/209016562.md) - [zh-HK](https://longbridge.com/zh-HK/news/209016562.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/209016562.md) | [繁體中文](https://longbridge.com/zh-HK/news/209016562.md) # SAMSON HOLDING to privatize with a premium of approximately 50.00% from Fushan (Hong Kong), trading to resume on July 17th According to the news from iMoney, SAMSON HOLDING (00531) and the offeror Fushan (Hong Kong) Limited jointly announced that on July 11, 2024, the offeror requested the board of directors to propose matters to the planned shareholders for approval through a scheme (i.e. an agreement arrangement under Section 86 of the Companies Ordinance) to privatize the company. Under the proposed matters, if approved and implemented, the planned shares will be cancelled and removed. As consideration for the cancellation and removal of such shares, each planned shareholder on the scheme record date will have the right to receive a cash offer price of HKD 0.480 for each cancelled and removed planned share. The offer price of HKD 0.480 per planned share represents a premium of approximately 50.00% over the closing price of HKD 0.320 per share on July 9, 2024. Upon the scheme becoming effective, all planned shares will be cancelled and removed, and the shares will no longer serve as ownership documents or evidence. The company will apply to the Stock Exchange for the cancellation of the listing status of the shares on the Stock Exchange in accordance with Rule 6.15 of the Listing Rules after the effective date. It is reported that the offeror is wholly owned by Green Ease Limited (with final beneficial ownership of 50% by Guo Shanhui, Chairman and Executive Director of the Company, and 50% by his spouse Liu Yimei, Vice Chairman and Executive Director of the Company). Since the company's listing on the Stock Exchange, the company has not engaged in any equity financing activities, which are usually one of the main benefits of a public listing. This is mainly due to the low liquidity of the shares and the continuous downward trend in trading prices. Therefore, the company has been unable to effectively utilize its listing platform as a potential source of long-term development funding. The proposed matters involve the delisting of the company, which is expected to reduce administrative costs and management resources related to maintaining the company's listing status and compliance with regulatory requirements. This strategy will also allow the offeror and the company to focus on long-term plans without the pressure of short-term financial performance, market expectations, stock price fluctuations, and compliance obligations related to maintaining the listing status. The company has applied to the Stock Exchange to resume trading of the shares on the Stock Exchange from 9:00 am on July 17, 2024 ## Related News & Research - [05:10 ETBest Way to Invest in Gold (2026): Priority Gold Recognized for Gold IRA Rollovers and Physical Precious Metals by Better Business Advice](https://longbridge.com/en/news/281495928.md) - [Egg prices surge in Europe ahead of Easter: Which countries saw the highest rise?](https://longbridge.com/en/news/281673672.md) - [USD/ZAR forecast: Bullish pattern forms as JSE All Share Index slumps](https://longbridge.com/en/news/281150928.md) - [AO3 is finally out of beta after 17 years](https://longbridge.com/en/news/281581534.md) - [EC to continue deployment of 500 CAPF companies in Bengal post elections](https://longbridge.com/en/news/281623119.md)