NewLink Tech (09600) announced that the board of directors of the company was informed by Chairman of the board of directors, Executive Director and Chief Executive Officer of the company as well as one of the company's controlling shareholders, Mr. Zhai Shuchun, that Mr. Zhai and/or Nebula SC Holdings Limited (a company wholly owned by Mr. Zhai) intends to acquire the company's shares in the public market within 12 months after the date of this announcement. As of the date of this announcement, Mr. Zhai, together with his concert parties, holds interests in a total of 326 million shares, representing approximately 34.59% of the total number of issued shares. Mr. Zhai's intention is that, after the proposed share purchase, the total shareholding of the company's controlling shareholder and persons acting in concert with them will not increase by more than 2% compared to their total shareholding before the proposed share purchase (i.e., at the level of triggering mandatory offer obligation under Rule 26 of the Takeovers Code in relation to the shareholdings of controlling shareholders (together with persons acting in concert with them) of a Hong Kong listed company with shareholdings ranging from 30% to 50% during any twelve-month period).
According to the announcement of NewLink Tech (09600), the board of directors of the company was informed by Chairman of the board of directors, Executive Director and Chief Executive Officer of the company as well as one of the company's controlling shareholders, Mr. Zhai Shuchun, that Mr. Zhai and/or Nebula SC Holdings Limited (a company wholly owned by Mr. Zhai) intends to acquire the company's shares in the public market within 12 months after the date of this announcement. As of the date of this announcement, Mr. Zhai, together with his concert parties, holds interests in a total of 326 million shares, representing approximately 34.59% of the total number of issued shares. Mr. Zhai's intention is that, after the proposed share purchase, the total shareholding of the company's controlling shareholder and persons acting in concert with them will not increase by more than 2% compared to their total shareholding before the proposed share purchase (i.e., at the level of triggering mandatory offer obligation under Rule 26 of the Takeovers Code in relation to the shareholdings of controlling shareholders (together with persons acting in concert with them) of a Hong Kong listed company with shareholdings ranging from 30% to 50% during any twelve-month period).
The proposed share purchase indicates that Mr. Zhai is full of confidence in the prospects and growth potential of the company.
