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11/07/2018 08:40
Gao Peng Mining (02212) received a discount of more than 7% to make a full purchase offer, resumption of trading this morning
"News Economic News Agency 11 "Gao Peng Mining (02212) Announced that Judge Zhong Ke
Jiu Tai Technology Group has proposed a conditional voluntary offer of cash to acquire all shares in the issued share capital from the company
the value of the offer is about 590 million yuan.
The offer price per share is 0.17 yuan, about 7.1% discount on the closing price of 0.183 yuan before the suspension on June 29 this year.
The initiator currently holds approximately 400 million shares of the company, representing approximately 10.34% of the issued share capital.
The Offeror is an investment holding company incorporated in Hong Kong and wholly owned by Zhongke Jiutai Resources Technology Co., Ltd. (property of Li Yuguoquan
).
Li Yuguo is executive director of Asia Resources (00899) and also non-executive director
of Shengjing Bank (02066).
After the conclusion of the transaction, the initiator does not intend to privatize the company and intends to maintain the listing status of the shares at the stock exchange rating.
The company's shares will resume this morning. (tt)
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