Group 1 - The core proposal involves the privatization of Minmetals Land (00230) through a scheme under Section 99 of the Companies Ordinance, with a cash cancellation price of HKD 1 per share, representing a premium of approximately 104.08% over the last closing price of HKD 0.490 [1] - As of the announcement date, the company has issued 3.347 billion shares, with 1.276 billion shares (approximately 38.12%) held by non-related plan shareholders and 2.071 billion shares (approximately 61.88%) held by the offeror [1] - The maximum cash consideration payable under the proposal is approximately HKD 1.276 billion, assuming no further shares are issued before the record date [1] Group 2 - The offeror, June Glory International Limited, is a company registered in the British Virgin Islands, fully owned by Minmetals Hong Kong [2] - The ultimate controlling shareholder of the offeror is China Minmetals, a state-owned enterprise in China, with 94.11% and 5.89% ownership held by the State-owned Assets Supervision and Administration Commission of the State Council and the National Social Security Fund of the People's Republic of China, respectively [2]
五矿地产(00230)获五矿香港溢价约104.08%提私有化 10月24日复牌