BRIEF-China Vast Announces Pre-Conditional Proposal For Privatisation Of China Vast

Reuters

2022/06/10

June 10 (Reuters) - China Jinmao Holdings Group Ltd

* PRE-CONDITIONAL PROPOSAL FOR PRIVATISATION OF CHINA VAST BY WAY OF SCHEME OF ARRANGEMENT

* CHINA VAST IRREVOCABLY UNDERTOOK TO CHINA JINMAO TO PUT FORWARD SCHEME TO SCHEME SHAREHOLDERS

* SCHEME COMPRISES CANCELLATION OF 60.20% OF ISSUED CHINA VAST SHARES AS AT DATE OF ANNOUNCEMENT

* WILL MAKE APPLICATION TO STOCK EXCHANGE FOR WITHDRAWAL OF LISTING OF CHINA VAST SHARES ON STOCK EXCHANGE

* ALL OF NON-CONTROLLING SHAREHOLDER SCHEME SHARES TO BE CANCELLED IN EXCHANGE FOR PAYMENT OF HK$2.40/SHARE

Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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