Yao Capital Completes Cash Offer for SEM Holdings

Reuters
Jan 19
Yao Capital Completes Cash Offer for SEM Holdings

Yao Capital Limited has completed its offer to acquire all issued shares of SEM Holdings Limited not already owned or agreed to be acquired by Yao Capital and its concert parties. Following the close of the offer, the proportion of shares held by the public has fallen below the required minimum threshold. An application has been made for a temporary waiver, and steps are being taken to restore the public float as soon as practicable. This update was disclosed in a joint announcement by SEM Holdings Limited.

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