JOY CITY PPT: SOMERLEY CAP has been appointed as the independent financial advisor
According to the announcement from JOY CITY PPT, under the Securities and Futures Ordinance, the licensed corporation Somerley Capital Limited, which can engage in regulated activities of Type 1 (securities trading) and Type 6 (advising on corporate finance), has been appointed by the company as an independent financial advisor to provide opinions on (a) whether the terms of the proposal and plan are fair and reasonable; and (b) whether to vote in favor of the plan at the court meeting to provide opinions to shareholders without a conflict of interest
According to the announcement from JOY CITY PPT (00207), the licensed corporation Somerley Capital Limited, which is authorized to engage in regulated activities under the Securities and Futures Ordinance for Type 1 (dealing in securities) and Type 6 (advising on corporate finance), has been appointed by the company as an independent financial advisor. This appointment is in accordance with Rule 2.1 of the Takeovers Code to provide opinions on (a) whether the terms of the proposal and plan are fair and reasonable; and (b) whether to vote in favor of the plan at the court meeting for the benefit of shareholders without a conflict of interest
