Core Viewpoint - The company, Minmetals Land (00230), and the offeror, June Glory International Limited, announced a proposal for privatization under Section 99 of the Companies Ordinance, with a cash offer of HKD 1 per share, representing a premium of approximately 104.08% over the last closing price of HKD 0.490 [1] Group 1 - The offer will be implemented through a scheme of arrangement, with the plan shares being cancelled in exchange for cash [1] - The offeror has no right to increase the cancellation price after this announcement [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] Group 2 - The offeror 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 and the National Social Security Fund of the People's Republic of China, respectively [2]
五矿地产获五矿香港溢价约104.08%提私有化 10月24日复牌