"Resumption of Trading" QUALI-SMART's 60% equity transferred at a 45.5% discount, triggering a full acquisition
QUALI-SMART Holdings (01348.HK) announced that 9 selling shareholders sold a total of 60.2% equity to independent third party Liu Chong (the offeror), involving 887 million shares, with a total cash consideration of HKD 95.84 million, equivalent to a price of HKD 0.108 per share. Upon completion, the offeror is required to make a mandatory general offer at a cash price of HKD 0.108 per share, representing a discount of 45.45% compared to the last closing price before the suspension.
As of now, the offeror intends to maintain the listing status of the shares. The company's shares have applied to resume trading on Friday (19th)
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