Original title: Century Ruike (01450.HK)'s controlling interest changed hands Source: Caihua.com

[Caihua News] Century Ruike (01450.HK) announced that on July 21, 2021, the company's chairman, executive director and controlling shareholder Lu Zhisen and executive director Liang Ronghui sold their respective holdings of about 64.11% and 5.76% of the total share capital, and purchased the above shares by buyers including Golden Ocean Holdings Corp., involving a total capital of 106 million yuan, equivalent to about 0.157 yuan of shares sold per share. The buyer also spent 47 million dollars to buy a batch of convertible bonds at a price of 0.23 yuan per share.

At the same time, the buyer made a full cash offer. The offer price per share was $0.23, a 71% discount from the closing price of 0.8 yuan on July 30.

After the acquisition is completed, Golden Ocean Holdings Corp. will become the controlling shareholder of the company. It is expected that it will directly own about 31.07% of the company's total issued share capital, while the offeror and those acting in concert will own about 68.44% of the company's total issued share capital.

The buyer intends to nominate a new director to the board of directors, effective as soon as permitted by the Takeover Code. As of the date of this joint announcement, the buyer has not reached any final decision on who will be nominated as the new director of the company. Any changes in board members will be made in accordance with the Takeovers Code and listing rules, and a separate announcement will be made in due course.