Summary by Futu AI
Luk ?$#@$ Group (International) Limited (the “Luk ?$#@$ Group”) announces that the unconditional mandatory cash agreement for the acquisition of all issued shares of Hong Kong Resources Holdings Limited (“Hong Kong Resources”) has been placed on behalf of the Group on 9 February 2024. It is due at 4pm. The agreement has not been revised or extended. At the closing date, the Contracting Party has received an effective acceptance of approximately 28.96% of the shares of Hong Kong Resources and an effective acceptance of approximately 8.3% of the outstanding share rights. In addition, Hong Kong Resources' public shareholding fell to approximately 19.88%, failing to reach the minimum 25% public shareholding required by the Listing Rules. Therefore, the Exchange will apply for a temporary exemption. Hong Kong Resources has seen...Show More