Xingda Int'l (01899) and Great Trade Limited issued a joint announcement, on 2...
According to the Zhitong Finance APP, Xingda Int'l (01899) and Great Trade Limited issued a joint announcement, as of 4:00 PM on November 15, 2024 (Friday), the offeror has received a total of 0.456 billion offer shares (accepted shares) from 25 valid acceptances, accounting for approximately 23.73% of the company's issued capital as of the date of this joint announcement.
Immediately prior to the commencement of the offer period (i.e., September 24, 2024), the offeror and concert parties collectively hold interests in a total of 0.711 billion shares, accounting for approximately 37.03% of the company's issued capital as of the date of this joint announcement. As of the first deadline at 4:00 PM, taking into account the accepted shares and the shares pending transfer registration, after the transfer of the accepted offer shares has been formally registered, the offeror and concert parties will hold a total of 1.167 billion shares, accounting for approximately 60.76% of the company's issued capital as of the date of this joint announcement.
The conditions set out in the composite document have been fulfilled, and the offeror and the company jointly announced that the offer became unconditional in all respects at 4:00 PM on November 15, 2024.
According to Rule 15.3 of the Takeovers Code, the offer must remain open for acceptance for at least 14 days after it becomes or is announced to be unconditional (whether in respect of acceptances or in all respects). Therefore, the offer will remain open for acceptance until 4:00 PM on November 29, 2024 (Friday).