Brief: SMIT Holdings updates on acquisition agreement, trading resumption

Smit Holdings

07/12/2016 14:49

Dec 7 (Reuters) - Smit Holdings Ltd  2239.HK : 
    * Offeror has agreed to purchase sale shares, representing 
approximately 42.29% of total issued share capital of company 
    * application has been made to stock exchange to allow 
dealings in shares to resume on 8 december 2016 
    * On 5 dec, vendors and offeror entered into sale and 
purchase agreements 
    * Share offer price of hk$2.25 per offer share 
    * Maximum amount payable by offeror under share offer will 
be hk$136.2 million 
    * Transaction related to acquisition of shares in smit 
holdings limited by green flourish limited 
 
Source text for Eikon:  ID:nHKS6ydHMb  
Further company coverage:  2239.HK  
 
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