JBB BUILDERS (01903) Engaged in Discussions and Negotiations Regarding a Potential Acquisition

Stock News
Jan 15

JBB BUILDERS (01903) has issued an announcement stating that the company's board of directors has noted a certain increase in the company's share price and trading volume. After making inquiries that are reasonable under the circumstances, the company is currently in discussions and negotiations with a potential seller regarding a potential acquisition. The company (as the buyer) and the potential seller (as the seller) intend to enter into a potential acquisition agreement concerning the purchase of the entire issued share capital of a certain company. Following relevant inquiries made to the company, the board of directors confirmed that it is not aware of any reasons for the rise in the company's share trading price and volume, or any information that requires an announcement to avoid a false market in the company's securities, or any inside information that must be disclosed under Rule 13.09(2) of the Listing Rules and Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). As of the date of this announcement, the terms and conditions of the potential acquisition (including the price) are still under negotiation, and no definitive agreement has been signed by either party.

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