Enviro Energy International Holdings' (HKG:1102) five shareholders agreed to sell 709,045,226 shares, representing 49.26% of the entire issued share capital of the company to Amethyst Asia for HK$35.5 million, a Thursday Hong Kong bourse filing said.
The transaction for 680,514,345 shares out of the total shares under the sale agreements has been completed as of the filing date, representing 47.28% of the entire issued share capital of the company. The remaining transactions are expected to be completed by Feb. 10.
After the completion, under the takeover code, Amethyst Asia will make a cash offer to acquire all the remaining issued shares of the company at HK$0.05 apiece, amounting to HK$72.0 million for the 1,439,385,743 shares in issue.
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