Economic Information Daily, 24th - Hengyi Holdings (01894) suspended trading before market opening today; the stock was last traded at HK$0.58 prior to suspension.
Wei Huaping, the former executive director of the company and the offeror, has proposed a conditional voluntary cash partial offer to acquire 30 million shares of Hengyi Holdings at HK$0.60 per share, representing a premium of approximately 3.4% over yesterday's closing price of HK$0.58, involving a total amount of HK$18 million. The offeror currently holds approximately 0.86% equity interest. The 30 million shares subject to the offer represent approximately 12.96% equity interest. If the maximum number of shares under the offer are accepted, the offeror's stake will increase to 13.71%, making him the single largest shareholder. (nw)
Wei Huaping, the former executive director of the company and the offeror, has proposed a conditional voluntary cash partial offer to acquire 30 million shares of Hengyi Holdings at HK$0.60 per share, representing a premium of approximately 3.4% over yesterday's closing price of HK$0.58, involving a total amount of HK$18 million. The offeror currently holds approximately 0.86% equity interest. The 30 million shares subject to the offer represent approximately 12.96% equity interest. If the maximum number of shares under the offer are accepted, the offeror's stake will increase to 13.71%, making him the single largest shareholder. (nw)
