Understanding the Market | DICKSON CONCEPT Drops Over 30% as Company's Privatization Plan Fails
DICKSON CONCEPT fell over 30%. As of the time of writing, it has dropped 29.84%, trading at HKD 4.96, with a transaction volume of HKD 11.966 million. In terms of news, DICKSON CONCEPT announced that at the court meeting scheduled for July 18, 2025, the privatization plan was not approved by the plan shareholders present in person or by proxy to vote at the court meeting. Since the plan was not approved by the plan shareholders at the court meeting, the proposal has lost its validity and will not be implemented; the plan will not be binding or effective; it will not revoke the listing status of the shares on the Stock Exchange; the company will not suspend the handling of share transfer registration procedures from July 30, 2025, to determine the rights enjoyed under the plan. At the end of April this year, DICKSON CONCEPT announced that it had received a privatization proposal from its major shareholder, Group Executive Chairman and Executive Director Pan Dixin, through Bestcity Assets Limited, with a price of HKD 7.2 per share, which is approximately 50.63% higher than the closing price of HKD 4.78 per share on the last trading day on the Hong Kong Stock Exchange
According to Zhitong Finance APP, DICKSON CONCEPT (00113) fell over 30%, as of the time of publication, it was down 29.84%, priced at HKD 4.96, with a transaction volume of HKD 11.966 million.
In terms of news, DICKSON CONCEPT announced that at the court meeting held on July 18, 2025, the privatization plan was not approved by the plan shareholders who attended the court meeting in person or by proxy and voted at the meeting. Since the plan was not approved by the plan shareholders at the court meeting, the proposal has lost its validity and will not be implemented; the plan will not be binding or effective; it will not revoke the listing status of the shares on the Stock Exchange; the company will not suspend the registration of share transfers to determine the rights under the plan from July 30, 2025.
At the end of April this year, DICKSON CONCEPT announced that it had received a privatization proposal from its major shareholder, Group Executive Chairman and Executive Director Pan Dixin, through Bestcity Assets Limited, with a price of HKD 7.2 per share, which is approximately 50.63% higher than the closing price of HKD 4.78 per share on the last trading day on the Hong Kong Stock Exchange
