A plan to privatize Dickson Concepts (International) (HKG:0113) via a scheme of arrangement proposed by Bestcity Assets has lapsed after failing to secure sufficient support from disinterested shareholders, according to a July 18 joint Hong Kong bourse filing.
Shares of the company were down about 30% in Monday morning trade.
The scheme was approved by more than 75% in value and a majority in number at Friday's court meeting.
However, over 10% of the votes attached to disinterested shares were cast against the proposal, breaching the threshold set under the Hong Kong Takeovers Code.
As a result, the scheme will not proceed, no shares will be cancelled, and the company will remain listed on the Hong Kong Stock Exchange.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。