Core Points - The proposal for privatization of Da Chang Hang Group involves a cash payment of HKD 3.70 per share, representing a premium of approximately 37.55% over the closing price of HKD 2.69 on October 14 [1] - The offeror, CITIC Pacific Limited, controls 1.074 billion shares, accounting for 56.81% of the issued shares, while the plan shareholders control 817 million shares, representing 43.19% of the issued shares [1] - Upon the plan's effectiveness, all plan shares will be canceled, and the shares will no longer have ownership documents or certificates [1] Company Information - The offeror is a company registered in the British Virgin Islands and is a wholly-owned subsidiary of CITIC Limited, primarily engaged in special steel manufacturing, energy, and real estate [2] - Trading of the company's shares will resume on the Hong Kong Stock Exchange starting from 9 AM on October 21, 2019 [3]