Core Viewpoint - Changhong Jiahua (03991) and the offeror Hongtu Investment Co., Ltd. announced a privatization plan that, if approved, will lead to the delisting of the company's ordinary shares from the stock exchange [1] Summary by Relevant Sections Privatization Proposal - The offeror has entered into an implementation agreement with the company, proposing to present a plan to shareholders for privatization [1] - If the plan is approved, all plan shares will be canceled in exchange for a price of HKD 1.223 per share, representing a premium of approximately 32.93% over the last trading price of HKD 0.920 per share [1] Share Valuation - As of the announcement date, there are approximately 580 million ordinary shares involved in the plan, with a total estimated valuation of about HKD 709 million [1] Ownership Structure - The offeror is a special purpose company directly owned by Changhong Group, which is controlled by the State-owned Assets Supervision and Administration Commission of Mianyang City and the Sichuan Provincial Finance Department [1] - Changhong Group, as the largest single shareholder of Sichuan Changhong, effectively controls the composition of the board of directors [1]
长虹佳华获长虹集团溢价约32.93%提私有化 9月23日复牌